EMERGING MARKETS-Latam FX advance as weaker US jobs data weighs on dollar, stocks mixed

The U.S. payrolls surprise capped a week marked by a string of central bank decisions and inflation releases across Latin America, providing fresh clues on the region's monetary policy outlook.

Oil prices were steady after early gains, as hopes grew about a deal between Iran and the Gulf states to reopen the Strait of Hormuz. O/R

Among currencies, the Mexican peso MXN= traded 0.3% higher, while its stocks .MXX gained 1%, led by a 1.9% advance in Grupo Mexico GMEXICOB.MX, tracking higher copper prices.

Data showed annual inflation in Mexico slowed in July to its lowest level in more than six years, a day after the central bank kept rates unchanged on Thursday and pushed back its timeline for inflation to return to target levels.

In Chile, annual inflation also eased in July, while copper export revenue jumped 22.7% year-on-year. The equities benchmark .SPIPSA was subdued, and the peso CLP= gained 0.3%.