* 'Amazonia' bonds in 2024 seen a tough sell for some * US is reimposing oil sanctions on Venezuela, officials say * Mexican economy up 2.1% y/y in March - preliminary estimate * Latam FX down 0.2%, stocks flat (Updated at 3:30pm ET/1930 GMT) By Bansari Mayur Kamdar and Lisa Pauline Mattackal April 18 (Reuters) - A firm dollar continued to pressure most Latin American currencies on Thursday as Federal Reserve officials emphasized few interest rate cuts are on the table this year, although strong copper prices helped Chile's peso and Peru's sol to buck regional weakness. MSCI's index tracking Latam currencies slipped about 0.2% while a basket of regional stocks was flat on the day. The currencies of leading copper producers Chile and Peru were bright spots among Latin American currencies, respectively rising 1.3% and 0.6% against the dollar as copper prices rallied to a 22-month high. "We think the headwinds driving the depreciation of the Chilean peso against the U.S. dollar have largely run their course," said Ruben Gargallo Abargues, assistant economist at Capital Economics, in a note. Emerging market currencies have wobbled this week as the dollar rose to nearly five-month highs and Treasury yields climbed, as investors weighed strong U.S. labor market data and Fed officials' comments that the decline in inflation may have stalled. Higher U.S. rates typically reduce the appeal for riskier but higher-yielding emerging market assets. "(Forex) is going through a repricing ... with especially emerging market currencies seeing big downward adjustments in values versus the USD as they respond to higher U.S. yields, and risk-off sentiment globally," said Thierry Wizman, global FX & rates strategist at Macquarie. Brazil's finance minister and central bank head said on Thursday that G20 economies were adjusting to changing Fed rate cut expectations and the subsequent repricing of emerging market currencies and debt. Continued tensions between Israel and Iran also kept investors hesitant on risk assets. Colombia's peso dipped 1% and Mexico's peso weakened past 17 per dollar as crude prices fell on hopes of easing tensions in major producing region the Middle East. Mexico's economy likely grew 2.1% in March from the same month a year earlier, a preliminary estimate from national statistics agency INEGI showed. Elsewhere, the Biden administration said it would not renew a licence that had broadly eased Venezuela oil sanctions. A political push to raise the first-ever "Amazonia Bond" has intensified during talks to agree on a roadmap, yet the chance of a deal this year faces technical hurdles and scepticism among some of those tasked with managing the debt, sources told Reuters. HIGHLIGHTS ** Turkish economy on right track , monetary policy fully functional: Finance Minister Simsek ** IMF tells Asian central banks not to follow Fed too closely ** Petrobras CEO says dividends not on agenda of next board meeting Key Latin American stock indexes and currencies at 1930 GMT: Latest Daily % change MSCI Emerging Markets 1017.06 0.45 MSCI LatAm 2386.88 -0.02 Brazil Bovespa 123972.04 -0.16 Mexico IPC 55695.81 0.51 Chile IPSA 6458.75 0.03 Argentina MerVal 1171155.88 -0.102 Colombia COLCAP 1328.81 -1.58 Currencies Latest Daily % change Brazil real 5.2455 -0.07 Mexico peso 17.0531 -0.56 Chile peso 964.9 1.31 Colombia peso 3931 -0.98 Peru sol 3.7167 0.59 Argentina peso 869.5000 0.00 (interbank) Argentina peso 1005 2.49 (parallel) (Reporting by Bansari Mayur Kamdar in Bengaluru; editing by Barbara Lewis and Richard Chang)