EMERGING MARKETS-Latam currencies dip on U.S. consumer mood

* Brazil Finance Minister tips possible intervention

* Brazil real loses 0.41 pct, Mexico peso slides 0.15 pct

* Chiles peso knocked off three-month high

(New throughout, adds comments)

By Michael O'Boyle and Samantha Pearson

MEXICO CITY/SAO PAULO, July 27 (Reuters) - Latin American currencies slipped on Tuesday, hurt by a drop in U.S. consumer confidence, and Brazil's real lost ground after the country's finance minister backed further central bank intervention.

Mexico's peso hit its highest level in over a month early in the session and Chile's peso traded at a three-month high before lackluster stock markets pushed investors to cash in on recent gains in the region's currencies.

Confidence among American consumers dropped in July to the lowest level since February on worries about the job market, the Conference Board reported on Tuesday.

"There are a lot of mixed signals out there, such as talk of deflationary pressures but then you see good earnings reports," said Jorge Perez-Duarte, managing director of emerging markets at TD Securities in Toronto.

"We have seen a good rally in the last few days, so it is a bit of a technical rebound as people take some profits," Perez-Duarte said.

Mexico's peso has advanced 3 percent from a low on July 2, while the real has gained more than 2 percent since June 29.

Concerns have eased about a financial crisis in Europe following stress tests of banks, while solid revenue outlooks from some bellwether companies like FedEx have offset fears the U.S. economy is slowing.

Mexico's peso MXN=MEX01 slipped 0.15 percent to 12.6895 per U.S. dollar while the Brazilian real BRL= bid 0.41 percent weaker in international trade to 1.7688 per dollar. Chile's peso CLP=CL shed 0.19 percent to 519.70 per dollar.

BRAZIL JAWBONING

Brazil's finance minister Guido Mantega on Tuesday voiced his support for central bank intervention in foreign exchange markets. [ID:nN2798713]

Speculation is mounting that the central bank could step up measures to contain the real's strength, which is hurting exporters. The bank itself informally sounded out demand for reverse currency swaps last week.

But analysts were skeptical that new measures would have much more success than a capital inflow tax and daily dollar purchases.

"I do not think verbal intervention will be enough, because even actual intervention has not been enough," Perez-Duarte said.

Investors will continue to demand Brazilian assets due to the country's prospects for growth and some of the highest yields among investment-grade emerging markets, analysts said.

Brazil launched $750 million worth of reopened 2021 global bonds on Tuesday, more than the $500 million initially offered, as the deal found strong demand among investors, Thomson Reuters' IFR reported. [ID:nN27184714]

Yield spreads between emerging market bonds and U.S. Treasuries, a key gauge of risk aversion, narrowed 10 basis points to 273 basis points on Tuesday, according to the JPMorgan EMBI+ index 11EMJ.

The country risk spread on Brazilian bonds fell 7 basis points to 198 basis points, trading at its narrowest since the middle of May. (Editing by Eric Walsh)