(Updates desk) By Bruno Federowski SAO PAULO, Jan 27 Latin American currencies largely strengthened on Friday after weaker-than-expected U.S. progress figures dampened expectations of a quick rate-hiking cycle within the coming months. U.S. gross home product (GDP) elevated at a 1.9 % annual price within the fourth quarter, closing the 12 months 1.6 % increased. That was the weakest tempo since 2011, a mirrored image of low-cost oil and a powerful greenback. Some buyers guess that would drive the central financial institution to keep away from growing rate of interest too rapidly, supporting the attract of high-yielding rising market property. Still, query marks hover over U.S. financial coverage as merchants ponder the financial implications of President Donald Trump's pledges of heavy spending and protectionism. The Brazilian actual strengthened round 1 %, whereas the Mexican peso strengthened 1.45 % to have its finest week in virtually a 12 months after a telephone name between Trump and Mexican President Enrique Pena Nieto. Shares of Mexican-owned Banorte gained almost three % on Mexico's IPC index on Friday, following a powerful fourth-quarter reporter posted by the financial institution a day prior. Key Latin American inventory indexes and currencies at 2300 GMT: Stock indexes every day % YTD % Latest change change MSCI Emerging 915.92 -Zero.09 6.22 Markets MSCI LatAm 2547.95 Zero.61 eight.86 Brazil Bovespa 66033.99 -Zero.24 9.64 Mexico IPC 47421.12 -Zero.four three.90 Chile IPSA 4275.72 -Zero.83 2.99 Chile IGPA 21323.88 -Zero.67 2.84 Argentina MerVal 19215.78 Zero.18 13.58 Colombia IGBC 10274.83 Zero.12 1.45 Venezuela IBC 27974.32 Zero.38 -11.77 Currencies every day % YTD % change change Latest Brazil actual three.1500 Zero.95 three.15 Mexico peso 20.9100 1.43 -Zero.79 Chile peso 650.15 -Zero.05 three.16 Colombia peso 2928.57 Zero.35 2.49 Peru sol three.29 Zero.30 three.77 (Reporting by Bruno Federowski; Editing by Nick Zieminski and Grant McCool)
