Os slides reais do Brasil antes da reunião Emberging Markets-Zenbank

    * Brazil cenbank chief's comments worrying -trader
    * Brazilian real underperforms Latam peers for the week
    * Argentine markets in wait-and-see mode -trader
    * Brazil's Vale declares bumper first-half dividend

    By Susan Mathew
    Sept 17 (Reuters) - Brazil's real dropped 1% to lead losses
across Latin American currencies on Friday with all eyes on the
central bank's policy meeting next week, while mining major Vale
 declared a bumper $7.6 billion first-half dividend
payout. 
    The real is down about 1.7% for the week, the
worst performer among regional peers. Next week the central bank
is seen hiking interest rates by 100 basis points as inflation
surges.
    But traders are cautious after central bank chief Roberto
Campos Neto earlier this week said he would not change his plans
with every indicator showing high inflation pressures, signaling
he may hint at a ceiling for the current tightening cycle.

    "Commentary from Neto seemed to indicate there is no
interest to combat inflation with more rate hikes," said Juan
Perez, a senior currency traded at Tempus Consulting. 
    "This is scaring traders because the idea was to count on
tightening, but the lack of concern from the official is making
many think they will stop."
    Political sentiment also weighed on the real as investors
feared populist policies by President Jair Bolsonaro with his
popularity sliding ahead of elections next year.
    Bolsonaro on Thursday signed a decree to raise taxes on
financial transactions - charged on credit, foreign exchange,
insurance transactions, or bonds or securities - for three
months to pay for the so-called Auxílio Brasil pandemic welfare
program.
    Mexico's peso was flat, while Colombia's peso
gave up 0.5% as oil prices fell.
    Markets in Chile were closed for a holiday. 
    In Argentina, the benchmark 2035
dollar-denominated sovereign bond fell slightly. 
    Argentina's center-left President Alberto Fernandez called
for unity on Thursday after a rebellion from hard-left ministers
threatened to break apart the ruling coalition following a
bruising loss in a midterm primary election.

    "Markets will likely be on a wait-and-see approach as the
government tries to take the reins," Tempus' Perez said. 
    Among shares, iron ore miner Vale gave up
fleeting gains to lose almost 3% and hit seven-month lows,
tracking a 7% slump in prices of the steel-making ingredient.

    The company late on Thursday declared a 40.2 billion real,
or 8.11 reais ($1.54) per share, first-half dividend, its
largest payout since the miner's 2019 dam collapse.
    Sao Paulo's Bovespa equity index was down 1.7%,
extending losses to a fourth straight session. It was set to
underperform Latam peers on the week, down almost 2%. 
    El Salvador bonds are eyed after a tumble last session on
fears the country will not reach a potential $1 billion loan
agreement with the International Monetary Fund and faces
negative credit implications linked to its use of bitcoin.

    
    Key Latin American stock indexes and currencies at 1433 GMT:
   Stock indexes           Latest    Daily %
                                     change
 MSCI Emerging Markets      1278.07      0.1
                                     
 MSCI LatAm                 2322.70    -2.44
                                     
 Brazil Bovespa           111913.54    -1.65
                                     
 Mexico IPC                51921.29    -0.52
                                     
 Argentina MerVal          79935.55    0.248
                                     
 Colombia COLCAP            1317.73    -0.43
                                     
                                            
      Currencies           Latest    Daily %
                                     change
 Brazil real                 5.3365    -1.36
                                     
 Mexico peso                19.9730    -0.21
                                     
 Colombia peso              3831.88    -0.45
                                     
 Peru sol                    4.1034    -0.27
                                     
 Argentina peso             98.3300    -0.01
 (interbank)                         
                                     
 
 (Reporting by Susan Mathew in Bengaluru; Editing by Dan
Grebler)
  

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