The Latin American Pulse · Thursday, June 25, 2026 · The 60-second read
The bottom line
Oil did the reshuffling. US crude tumbled almost 4% to about $70 a barrel, a pre-war low that drained the last of the war premium, and the relief landed first in Brazil, where cheaper fuel feeds lower inflation and pulled in a record $4.1 billion of foreign money in a single day.
But the dollar turned the screens red. A global dash for safety firmed the US currency and knocked equities across the region, with Argentina’s Merval crashing 4.25% and Colombia’s COLCAP falling a third straight day, while Brazil’s Ibovespa dipped just 0.44% — the regional outperformer once again.
Mexico takes the stage today. Banxico decides interest rates after the IPC slid to 66,278 and inflation cooled to a multi-month low, a print our market desk reads as opening the door to a cut even as much of the Street still expects a hold at 6.50%.
