EMERGING MARKETS-Dollar pressures Latam FX; stock indexes on track for best month since 2020

* Brazil set to join OPEC+ group from January * Embraer climbs on new order worth $2.1 billion * EM assets broadly rise in November * Latam Stocks up 0.4%, FX down 0.8% on day (Updated at 3 p.m. ET/2000 GMT) By Johann M Cherian and Lisa Pauline Mattackal Nov 30 (Reuters) - Strength in the U.S. dollar dented most Latin American currencies on Thursday, but broader indexes tracking currencies and equities in the region were on track for strong monthly gains as investors refocused on riskier assets. MSCI's index tracking Latin American stocks rose 0.4% and is set to end the month over 12% higher, its best month since November 2020. MSCI's basket of South American currencies fell 0.8% on the day as the dollar staged a broad-based recovery on month-end buying. The index is set to rise 3.7% in November, its best month since end-June. Eduardo Ordonez Bueso, EM debt portfolio manager at BankInvest, said that weakness in the dollar earlier this month on the possibility of U.S. rates peaking and hopes of a soft landing had been major drivers for investor interest in the region. MSCI's International Emerging Market Currency Index rose nearly 3% in November, while global emerging market stocks clocked monthly gains of about 8%. Both indexes were set to mark their best month since January. Argentina's Merval index is the best performing through November, up over 40% on optimism following presidential-elect Javier Milei's recent win. On Thursday, the index gained 3%. "The stand out there was Argentina with surprising results in the presidential election... that has been fueling hopes that something can be done to improve the situation in the country," Bueso added. Meanwhile, Brazil's Bovespa rose 0.8% with shares of state-owned oil firm Petrobras jumping 0.8% after OPEC+ invited the country to become a member of the group. The country's energy minister said it hoped to join in January. Brazilian planemaker Embraer surged 5% after the company said Canada's Porter Airlines placed a firm order for an additional 25 E195-E2 aircraft in a deal worth $2.1 billion. Shares of Grupo Televisa SAB surged 9.4%, lifting the Mexican stock index 2%. The real weakened 0.3%. Data showed Brazil's jobless rate fell for the seventh rolling quarter in a row, however strong net job creation has not led to a spike in wages, enabling the central bank to continue monetary easing. Mexico's peso depreciated 0.6%, extending losses from the previous session after the Bank of Mexico said rate cuts were on the table in early 2024 and revised its inflation and growth forecast for 2024. The peso of copper producer Chile was down 0.4% and local stocks rose 0.4% after data showed the country's output of the red metal decreased 4.4% year-on-year in October. Peru's sol slipped 0.1%. Key Latin American stock indexes and currencies at 2000 GMT: Latest Daily % change MSCI Emerging Markets 985.17 0.22 MSCI LatAm 2469.20 0.36 Brazil Bovespa 127226.69 0.84 Mexico IPC 53898.16 2.09 Chile IPSA 5818.51 0.44 Argentina MerVal 814598.71 3.065 Colombia COLCAP 1143.02 0.38 Currencies Latest Daily % change Brazil real 4.9188 -0.09 Mexico peso 17.3807 -0.60 Chile peso 871.4 -0.38 Colombia peso 4024.87 -0.61 Peru sol 3.7256 -0.10 Argentina peso 360.4500 -0.12 (interbank) Argentina peso 885 4.52 (parallel) (Reporting by Johann M Cherian and Lisa Mattackal in Bengaluru; editing by Christina Fincher and Josie Kao)