This helped end a three-day decline in the region's FOREX markets.
Meanwhile, equities were generally lower owing to gains of Brazilian mining company Vale and energy giant Petrobras. These led to the positive performance of the MSCI stock index in Latin American.
The USD was also hurt by the announcement of downward adjustments for American economic growth made by the International Monetary Fund.
The Brazilian real recovered over 1.4 percent and wiped out previous losses to trade close to 3.07 per US dollar.
It was also propelled by news that state-managed Petrobras will be releasing audited figures within April. Company shares, which entice many overseas investors looking for opportunities in Brazil exposure, have been adversely affected by an ongoing probe of corruption charges.
Release of the investigation’s results can alleviate concerns about the company’s condition.
Preferred shares of the company increased two percent while those of Vale SA were almost four percent higher Meanwhile, the BOVESPA stock index decreased lower to some extent after a five percent decline in beef shares of producer JBS SA.
Weak data from the US can drive investors into riskier assets like LATAM securities on speculations that a prolonged period of low US rates will sustain the pursuit of higher returns in upcoming markets.
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