* Chile's peso at four month highs * Rising iron ore prices push Brazil's real higher * Latam FX up 0.1%, stocks down 0.1% By Shashwat Chauhan May 16 (Reuters) - Most Latin American currencies slipped on Thursday, as a resurgent dollar ticked up following last sessions' declines, though the Brazilian real bucked the trend amid rising iron ore prices. Brazil's real appreciated 0.2% against the dollar, as iron ore prices, one of the country's top exports, gained on news of authorities in top consumer China considering government purchases of unsold homes. Separately, data showed inflation in Brazil as measured by the IGP-10 price index rose 1.08% in May, compared to a 0.33% drop in April.
* Petrobras slumps after its CEO to step down * Peruvian economy contracts in March * Colombia Grupo Aval's profits fall 73% in Q1 * Latam stocks edge up 0.1%, FX up 0.3% (Updated at 1916 GMT) By Shashwat Chauhan and Johann M Cherian May 15 (Reuters) - The pesos of Mexico and Chile led Latin American currencies higher on Wednesday, as the dollar slid after a softer-than-expected U.S. inflation report, while worries about state-run oil giant Petrobras weighed on Brazilian equity markets. MSCI's index for Latin American currencies rose 0.3% against the dollar which dropped to month-ago levels after data showed April U.S. consumer prices rose less than expected, reinforcing expectations that the Federal Reserve will cut interest rates in September.
* Petrobras slumps after its CEO to step down * US CPI rises 3.4% year-on-year * Latam stocks down 0.1%, FX up 0.2% By Shashwat Chauhan May 15 (Reuters) - Most Latin American currencies rose against a softer dollar on Wednesday as latest U.S. inflation data boosted hopes that Federal Reserve could cut interest rates this year, while worries at state-run oil giant Petrobras weighed on Brazilian markets. Brazil's real shed 0.2% against the dollar amid sliding iron ore prices, while the local stock index dropped close to 1%. Shares of state-run oil firm Petrobras slid over 6% after the company said its chief executive would step down, to be replaced by a former regulator with views closer those of President Luiz Inacio Lula da Silva.