# Emerging Currencies Weaken for Second Day as Stocks Halt Selloff - Bloomberg

> Latin American currencies lagged emerging-market peers on Tuesday as risk-off sentiment spread ahead of key US inflation data. The MSCI EM currency index fell for a second session, dipping 0.2%, with the Brazilian real, Colombian peso and Mexican peso leading losses.

- Date: 2024-09-10 · published 2024-09-10T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/12465-emerging-currencies-weaken-for-second-day-as-stocks-halt-selloff-bloomberg
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A weaker real, peso and other Latin American currencies make dollar-priced feed exports from the region cheaper abroad while raising import costs for domestic feed makers. The moves are routine and mainly reflect global risk sentiment.

## Read by commodity

- USDBRL: bullish ▲
- USDCOP: bullish ▲
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2016-11-01 | [Brazil, Mexico currencies weaken after strong U.S. data](https://feedsoft.ai/events/11054-brazil-mexico-currencies-weaken-after-strong-u-s-data.md) | +1.0% | +6.9% |
| USDBRL | 2018-03-01 | [Latam currencies weaker with eyes on Fed; stocks edge up](https://feedsoft.ai/events/66187-latam-currencies-weaker-with-eyes-on-fed-stocks-edge-up.md) | -0.2% | +2.9% |
| USDBRL | 2024-04-16 | [Resurgent Dollar, Higher Yields Send EM Currencies to 2024 Lows - Bloomberg](https://feedsoft.ai/events/11278-resurgent-dollar-higher-yields-send-em-currencies-to-2024-lows-bloomberg.md) | +0.6% | -0.4% |
| USDBRL | 2018-08-15 | [Dollar Rises Against Emerging-Market Currencies  - WSJ](https://feedsoft.ai/events/12515-dollar-rises-against-emerging-market-currencies-wsj.md) | +2.8% | +6.5% |
| USDBRL | 2022-11-17 | [Brazil's real, stocks slide after budget proposal; other EM currencies weak \| Financial Post](https://feedsoft.ai/events/38885-brazil-s-real-stocks-slide-after-budget-proposal-other-em-currencies-weak.md) | +0.7% | -0.5% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-09-10/emerging-currencies-weaken-for-second-day-as-stocks-halt-selloff

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.