All major Latin American currencies fell against the dollar on Monday, paring gains following a rally last week sparked by public comments from U.S. President Donald Trump advocating a weaker greenback. Regional currencies, particularly Brazil's real, surged after Trump criticized the Federal Reserve's policy on raising interest rates in an interview with CNBC on Thursday, saying it eroded the United States' competitive edge, as did a strong dollar. The real rallied some 1.94 percent on Friday, also helped by a key alliance struck by market-friendly presidential candidate Geraldo Alckmin, while Chile's peso was also up over a half a percent. Traders said any resumed slide in the real should be milder than the dollar's drop late last week, given the absence of any notable triggers, although the U.S. currency did bounce off of two-week lows it had hit worldwide on Monday. The real had fallen 0.63 percent in late morning trade, while the Mexican peso and the Chilean peso fell 0.61 percent and 0.52 percent, respectively. "The agenda is quiet," said Fernanda Consorte, a currency strategist at Sao Paulo brokerage Ourinvest. "There's no reason for a correction of the same magnitude of the fall on Friday." Equities markets were generally mixed, with Brazil's benchmark Bovespa index among the biggest losers, falling 0.48 percent in late morning trade, after opening in the black. The index performed well last week, rising some 1.24 percent on Friday alone. Among the more significant losers was telecom firm TIM Participacoes SA, the local unit of Telecom Italia SpA, which fell almost 2 percent after Barclays analysts cut their price target on the stock following a change of chief executive. The biggest gainer was electronics chain Via Varejo SA , whose shares rose some 4 percent ahead of the firm's quarterly results release on Monday evening. Key Latin American stock indexes and currencies at 1436 GMT: Stock indexes daily % YTD % Latest change change MSCI Emerging Markets 1068.28 -0.17 -7.63 MSCI LatAm 2626.08 -0.87 -6.33 Brazil Bovespa 78190.40 -0.48 2.34 Mexico IPC 48937.30 0.06 -0.85 Chile IPSA 5411.03 -0.35 -2.76 Chile IGPA 27258.46 -0.29 -2.58 Argentina MerVal 27567.21 -0.21 -8.31 Colombia IGBC 12255.95 0.28 7.79 Venezuela IBC 100593.76 1.08 7863.79 Currencies daily % YTD % change change Latest Brazil real 3.7968 -0.63 -12.73 Mexico peso 19.1505 -0.61 2.86 Chile peso 663 -0.52 -7.29 Colombia peso 2891.67 -0.84 3.12 Peru sol 3.28 -0.15 -1.31 Argentina peso 27.6700 -0.33 -32.78 (interbank) Argentina peso 28.7 -0.17 -33.00 (parallel) (Reporting by Gram Slattery and Iuri Dantas; additional reporting by Paula Arend Laier; editing by Jonathan Oatis)