*

Mexico's judicial reform to be debated on Tuesday

*

Brazil c.bank sells $735 mln in extra FX swap auction

*

Chile's July economic activity beats forecasts

*

Latam FX up 0.4, stocks flat

(Updated at 1945 GMT)

By Shashwat Chauhan and Lisa Pauline Mattackal

Sept 2 (Reuters) -

Latin American currencies slipped broadly against the dollar

on Monday in thin trading even as focus remained on a plethora

of global economic data this week, including a crucial U.S. jobs

print.

Brazil's real pared earlier losses and was little

changed against the dollar after the central bank sold all

14,700 swap contracts offered in an additional auction.

The auction was announced late on Friday after two

interventions earlier that day that were unable to curb the

depreciation of the real as data showed the country's July

budget deficit exceeded 10% of gross domestic product (GDP).

"The market is now pricing a 25 basis point Brazil rate

hike for 18 September ... that may help stabilise the real, but

we remain concerned that ... Brazil's challenge to roll its

debt at 12% per annum rates will keep the real on the back

foot," analysts at ING wrote in a note.

Separately, Brazil's government forecast economic growth of

2.6% and inflation of 3.3% for 2025 in its draft budget proposal

for the coming year.

Brazil's GDP data due on Tuesday is expected to show the

economy grew 0.9% in the second quarter. Interest rate decisions

in Argentina, Chile, Poland, Malaysia and Egypt are also on

investors' radar this week.

Globally, primary focus will be on Friday's U.S. jobs

report as investors place bets on the scope of potential rate

cuts by the Federal Reserve this year.

Mexico's peso, the worst performing currency amongst

its Latin American peers so far this year, dipped 0.4% against

the greenback after clocking a close to 6% decline for August.

The peso has come under pressure amid growing expectations

of softer monetary policy and on jitters around a controversial

judicial reform, which is slated to be debated in Mexico's Lower

House of Congress on Tuesday.

Peru's sol dipped 0.1% against the greenback. Data

over the weekend showed annual inflation in Peru slowed to 2.03%

in August.

Chile's peso slipped 0.5% against the dollar, even as

the IMACEC economic activity index jumped 4.2% in July beating

estimates of 2.7% growth.

Brazil's Bovespa stock index lost 0.8% and Colombian

shares dipped 0.6%.

Mexican stocks on the other hand, jumped 0.9%,

with shares of Grupo Financiero Banorte and Grupo

Mexico both up over 2%.

MSCI's index for Latin American currencies

rose 0.4%, lifted as Colombia's peso rose

narly 1%, while a gauge for stocks was flat.

Trading activity was light as U.S. markets were shut for a

public holiday.

Meanwhile in Argentina, President Javier Milei vetoed a

pension reform that had been passed by Congress last month.

HIGHLIGHTS

** Brazil's government considers taxing big techs if revenue

falls short

** Colombia central bank reduces reserve requirements for

lenders

Key Latin American stock indexes and currencies:

MSCI Emerging Markets 1096.48 -0.31

MSCI LatAm 2238.57 -0.01

Brazil Bovespa 134891.65 -0.82

Mexico IPC 52454.24 0.9

Chile IPSA 6446.74 -0.2

Argentina Merval 1763060.7 2.649

9

Colombia COLCAP 1354.26 -0.59

Brazil real 5.6127 -0.04

Mexico peso 19.7928 -0.41

Chile peso 917.07 -0.47

Colombia peso 4146.06 0.97

Peru sol 3.7533 -0.14

Argentina peso (interbank) 952.5 -0.052493

438

Argentina peso (parallel) 1285 1.5564202

33