EMERGING MARKETS-Colombian peso leads Latam gains as dollar languishes

    * Colombian peso firms as much as 0.9% 
    * Brazil's real shrugs off early losses
    * Argentina pushes Paris Club group of lenders deadline to

    By Susan Mathew
    June 23 (Reuters) - Rising oil prices bolstered the
Colombian peso's move away from seven-week lows on Wednesday,
leading gains among Latin American peers as the dollar extended
losses following reassurances that the U.S. Federal Reserve
would not rush into policy tightening.
    The Andean country's currency firmed up to 0.9% as
crude prices hit their highest since late 2018, after an
industry report on U.S. crude inventories reinforced views of a
tightening market as travel picks up in Europe and North
    That also helped lift fellow oil exporter Mexico's peso
 to its third straight session of gains leading up to a
central bank meeting on Thursday. 
    The central bank is seen keeping its benchmark interest rate
steady at 4.0% amid persistently high inflation levels in the
economy as it recovers from a coronavirus pandemic slump.

    "We believe that the trend in hawkishness from Banxico
should continue, but the devil will be in the details," said
Sacha Tihanyi, head of emerging market strategy at TD
Securities, citing the recent uptick in inflation trajectory. 
    "We ... expect any positive increment in hawkish sentiment
to help underpin a stabilization and rebound in the peso".
    As the dollar looked to extend losses to the third
straight session, Brazil's real shrugged off early losses
to rise 0.4% to hit its highest in a year, while Peru's sol
 stayed close to two-week lows.
    The sol has lost nearly 9% this year, weakened by
presidential election uncertainty. A final winner is yet to be
declared amid accusations of fraud by conservative candidate
Keiko Fujimori. Washington on Tuesday called the elections fair.
    Argentina said on Tuesday it had reached an understanding
with the Paris Club group of lenders for a payment bridge until
March 2022 to settle some $2.4 billion it owes, and it would
make a partial payment in the interim period. Mired in recession
since 2018, the country is racing to push back some $45 billion
in repayments owed to the Fund.
    Key Latin American stock indexes and currencies at 1404 GMT:
   Stock indexes           Latest    Daily %
 MSCI Emerging Markets      1363.57     1.24
 MSCI LatAm                 2682.21      2.3
 Brazil Bovespa           129677.56     0.71
 Mexico IPC                50153.28     0.05
 Chile IPSA                 4400.65     0.67
 Argentina MerVal                 -        -
 Colombia COLCAP            1250.11      0.6
      Currencies           Latest    Daily %
 Brazil real                 4.9460     0.39
 Mexico peso                20.2380     0.48
 Chile peso                   735.8     0.69
 Colombia peso              3755.85     0.62
 Peru sol                    3.9698     0.23
 Argentina peso             95.5200    -0.02
 (Reporting by Susan Mathew in Bengaluru; editing by Jonathan