Latin American assets show divergent trends as investors focus on Venezuela's debt restructuring
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Investors are closely monitoring the progress of the U.S.-China summit while also assessing Venezuela's decision to initiate sovereign debt restructuring after nearly a decade of default. The Brazilian real rose 0.4% to 4.99 real per U.S. dollar. Previously, on Wednesday, the currency experienced its largest single-day drop since early December last year. The Brazilian benchmark stock index (BVSP) rose 0.8%. Expand
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