Bolivia Currency Falls 29% as Geopolitical Tensions and Dollar Strength Weigh on Latin America

On June 29, Latin American markets faced pressure from dollar strength and geopolitical caution following tensions between the U.S. and Iran amid a fragile Middle East ceasefire.

Bolivia's central bank reported its official exchange rate at 9.73 bolivianos per dollar, marking a 29% devaluation. In Brazil, the region's largest economy, the Bovespa index and the real both declined 0.1%, while the MSCI regional currency index remained flat but faced monthly and quarterly losses.

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