* Latam FX still up for the week * Brazil budget deficits seen for next three years * Chile's peso best weekly performer, up 1.7% By Ambar Warrick April 16 (Reuters) - Brazil's real led losses across Latin American currencies on Friday as the COVID-19 pandemic raged on and the government forecast three straight years of massive budget deficits, highlighting the long road to economic normalcy. Brazil's Economy Ministry projected budget shortfalls in each of the next three years of more than 100 billion reais ($18 bln), owing to continued overspending due to the pandemic. Latin America's largest economy is also struggling with an impasses over the country's 2021 budget, which was approved by Congress last month but is being revised after it emerged it could break one of the government's key fiscal rules.
* Currencies of Chile, Colombia rise over 1% * Peru's sol rises; GDP contraction not as bas as expected * Brazilian retailer Hering soars 27% on rejecting Arezzo offer * Petrobras raises fuel prices; shares fall By Susan Mathew April 15 (Reuters) - Higher oil and copper prices propelled the currencies of Chile and Colombia more than 1% higher on Thursday, while Brazilian retailer Cia Hering soared after rejecting an unsolicited merger offer. Chile's peso rose 1.4% to a seven-week peak as copper prices hit their highest in more than a month, while an improving demand outlook buoyed oil prices and saw exporter Colombia's peso log its best session in two weeks.
* Rouble cuts losses after sanctions * Turkish c.bank holds rates, but doesn't signal tight policy * Brazilian real rises; services activity surges in Feb * Brazil's Cia Hering volts on rejecting Arezzo Industria offer (Adds Latam market moves, updates prices) By Susan Mathew April 15 (Reuters) - Russia's rouble slumped on Thursday, after Washington announced new sanctions targeting the country's sovereign debt, while most other emerging market currencies rose, with Mexico's peso hitting a two-month high. The currency had briefly dipped into the red after the decision. Among other sanctions, the White House on Thursday banned U.S. financial institutions from participating in the primary market of Russia's government debt from June 14.