EMERGING MARKETS-Latam FX softer, real drops on caution about pension reform

Most Latin American currencies softened on Thursday against a resurgent dollar, with Brazil's real leading the losses as caution about the progress of the government's pension reform proposal weighed, while commodity-linked currencies such as the pesos of Chile and Colombia slipped. The strengthening dollar combined with a wait-and-see approach by some investors regarding the passage of the Brazilian