Expectations of a Federal Reserve rate hike cooling down lead to a weaker US dollar, resulting in a rebound in Latin American assets.

On Friday, most Latin American currencies continued to rise, with stocks showing mixed performance. The day before, US employment data came in weaker than expected, weakening the market's bet on a near-term rate hike by the Federal Reserve, boosting market risk appetite before the weekend. The MSCI Latin American stock index rose by 0.6%, while the regional currency index saw a slight increase of 0.3%. Both are expected to achieve small gains in the first week of the third quarter. The currency index had already recorded its sixth consecutive quarterly increase, marking the longest continuous increase since 2009.