Latin American currencies hit record highs as Middle East ceasefire agreement holds

The Brazilian real led the gains, strengthening by 1.02% against the US dollar to reach its highest level in over two years; the local stock market rose by 0.71%. Brazilian brewer Ambev's shares soared 15% after it reported a 2.1% increase in first-quarter net profit. The Mexican peso rose by 0.79%, on track to achieve the largest single-day gain in nearly a month; the benchmark stock index climbed 2.13%.