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EMERGING MARKETS-Most Latam currencies, stocks climb as dollar slides after Powell speech

      Chile copper output up 2.2% in October

      Peru opposition launch 3rd impeachment attempt against

      EM stocks set for best monthly performance since 2009

 (Updates prices)
    By Bansari Mayur Kamdar and Devik Jain
       Nov 30 (Reuters) - Most Latin American currencies and
stock indexes jumped on Wednesday as commodity prices rose and
dollar slid after the Federal Reserve chair Jerome Powell
signaled slower pace of interest-rate hikes as early as next
month to battle inflation.
    The dollar index dropped nearly 1%. The greenback has
rallied sharply this year partially due to it safe haven status
amid Russia-Ukraine conflict and prospects of aggressive
monetary policy tightening by the U.S. central bank.
        Powell said the Fed has been "pretty aggressive" already
with its rate hikes and
    won't try to crash the economy
     with further sharp increases just to get price rises under
control faster.

        Though he warned that the
    fight against inflation was far from over
     and key questions remain unanswered, including how high
rates will ultimately need to rise and for how long.

        The MSCI's index for broader emerging market stocks
 rose 2.3%, while currencies added
0.8%. Latin American stocks and currencies
 jumped 2.9% and 1.3%, respectively.

        "The big take-away is (Fed Chair Powell) signaling (the
next interest rate hike) is going to be 50 basis points," said
Chuck Carlson, chief executive officer at Horizon Investment
Services in Hammond, Indiana.

        "The terminal rate is a moving target and taking your
foot off the gas doesn't mean this is the last increase. They
are willing to slow things down a bit... They are going to be
data dependent and see where the data leads."

        Latam stocks were down 0.3% in November compared to the
14.9% jump in broader EM stocks index that has put the
latter on track for their best month since May 2009.

    The real gained 1.5% against the dollar on Wednesday,
trimming most of its monthly losses suffered due to fiscal
policy concerns surrounding President-elect Luiz Inacio Lula da
Silva's economic plan.
    Nelson Barbosa
     said on Wednesday Brazil's fiscal framework under Lula
should be able to absorb economic shocks.

    "Real had a good run for a while before November, tons of
volatility ahead and after elections," said Juan Perez, director
of trading at Monex USA in Washington.
    "Now, overall it seems underlying prices of commodities and
planning for production are coming down in costs."
    Copper exporters Chile's peso and Peru's sol
added 1% and 0.3% against the dollar. Copper output in Chile,
the world's largest producer of the metal, rose 2.2%
year-on-year to 485,447 tonnes in October, said the country's
statistics agency INE.
    In Peru, political turmoil continues to weigh as opposition
legislators launched third  impeachment motion against President
Pedro Castillo since he took office last year.
    Mexico's peso slipped 0.2%. The Bank of Mexico
forecast that headline inflation likely peaked in the third
quarter and was seen declining throughout the remainder of this
and next year, while also projecting stronger economic growth
for 2022 and 2023.
    Key Latin American stock indexes and currencies at 2027 GMT:
     Stock indexes               Latest    Daily % change
 MSCI Emerging Markets             974.61            2.27

 MSCI LatAm                       2246.60            2.89

 Brazil Bovespa                 111958.04            0.95
 Mexico IPC                      51197.18            2.04
 Chile IPSA                       5282.61            0.72
 Argentina MerVal               169392.15           0.712
 Colombia COLCAP                  1245.77           -0.21

         Currencies              Latest    Daily % change
 Brazil real                       5.1875            0.22
 Mexico peso                      19.2819           -0.34
 Chile peso                         889.9            1.13
 Colombia peso                    4825.82           -0.40
 Peru sol                           3.855           -0.16
 Argentina peso (interbank)      167.2800           -0.19

 Argentina peso (parallel)            310            1.61

 (Reporting by Bansari Mayur Kamdar and Devik Jain in Bengaluru,
Stephen Culp in New York; Editing by Elaine Hardcastle and Nick

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