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> US 10-year Treasury yields broke above the 3% psychological level for the first time in seven years, triggering a flight from risk assets and a broad dollar rally. Latin American currencies, including the Brazilian real and Mexican peso, each lost over 2% during the week.

- Date: 2018-05-20 · published 2018-05-20T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/12780-contact-our-experts
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A stronger dollar and weaker emerging market currencies make US feed commodity exports more expensive for Brazilian and Mexican buyers, which can weigh on US export demand and prices.

## Read by commodity

- DXY: bullish ▲
- USDBRL: bullish ▲
- USDMXN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDBRL | 2018-05-18 | 5 | +4.3% | 2.8 | The US 10-year yield breaking above 3% triggered a broad dollar rally and a flight from risk, with Latin American currencies including the real losing over 2% in the week; it was published after the window but describes in-window dynamics. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-04-01 | [Strong Dollar's Impact on Grain Exports](https://feedsoft.ai/events/42202-strong-dollar-s-impact-on-grain-exports.md) | +1.0% | +4.2% |
| DXY | 2017-12-05 | [Experts urge tighter scrutiny of cross-border capital flows - Chinadaily.com.cn](https://feedsoft.ai/events/67716-experts-urge-tighter-scrutiny-of-cross-border-capital-flows-chinadaily-com-cn.md) | +0.6% | -0.7% |
| DXY | 2018-09-13 | [Expect US dollar to continue rising against ringgit, say economists \| FMT](https://feedsoft.ai/events/63307-expect-us-dollar-to-continue-rising-against-ringgit-say-economists-fmt.md) | -0.5% | +0.2% |
| DXY | 2024-03-27 | [EUR/USD continues lower on diverging interest-rate outlook](https://feedsoft.ai/events/31419-eur-usd-continues-lower-on-diverging-interest-rate-outlook.md) | +0.2% | +1.4% |
| DXY | 2018-08-10 | [US Dollar to Yearly Highs as EUR/USD Breaks Down on Contagion Fears](https://feedsoft.ai/events/11066-us-dollar-to-yearly-highs-as-eur-usd-breaks-down-on-contagion-fears.md) | +1.1% | +1.1% |
| USDBRL | 2024-11-28 | [BRL: Real hits four year low on fiscal concerns – ING — Elev8](https://feedsoft.ai/events/27616-brl-real-hits-four-year-low-on-fiscal-concerns-ing-elev8.md) | +1.7% | +5.6% |
| USDBRL | 2024-11-28 | [Spending cuts contrast with expanded income tax exemption](https://feedsoft.ai/events/27615-spending-cuts-contrast-with-expanded-income-tax-exemption.md) | +1.7% | +5.6% |
| USDBRL | 2017-09-05 | [Brazil: Rate cuts to continue](https://feedsoft.ai/events/69154-brazil-rate-cuts-to-continue.md) | -1.3% | +0.9% |

## Sources

- ebury.com: https://ebury.com/e-blog/blog/ebury_post/dollar-rally-resumes/

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