Latin American Markets Mixed as Dollar Softens and Oil Prices Rise

Latin American markets were mixed on Sept. 1, as the MSCI Latin American currency index rose 0.2% while remaining on course for a weak monthly performance. Brazilian equities advanced for a ninth consecutive day, and the U.S. dollar weakened as traders awaited key U.S. jobs data ahead of the Federal Reserve’s September policy decision.

Brazilian equities jumped 1%, with Petrobras stock rising 3% and boosting Brazil’s benchmark index. The gains came as other regional market indicators posted a more limited performance, leaving the broader picture mixed across Latin America.

The U.S. dollar index fell 0.2%. Traders were anticipating key U.S. employment data before the Federal Reserve makes its policy decision in September, according to the research data. The information did not specify the expected timing or direction of that decision.

Oil prices climbed more than 2% following U.S. military action in the Strait of Hormuz and Iran’s retaliation. The research data linked the move in oil prices to those developments but did not provide further details about the military action or the response.

The market moves left Brazil as the standout performer in the regional snapshot, with its benchmark index supported by Petrobras and equities recording their ninth consecutive daily gain. At the same time, the regional currency index’s monthly outlook remained weak despite its daily increase.

The figures were reported for Sept. 1, 2026. No source metadata was supplied for the market movements or the geopolitical developments described in the research packet.