EMERGING MARKETS-Latam FX, stocks rally on economic recovery hopes

Latin American currencies firmed on Monday on hopes of an economic recovery as more economies emerged from pandemic-induced lockdowns, although simmering U.S.-China trade tensions tempered risk appetite. Brazil's real surged 2.1%, extending gains to a fourth session, while Mexico's peso appeared to be headed for its sixth straight winning session. Chile's currency gained 0.8%. In line with broader emerging market peers, regional stocks rallied.