
Latin American stocks and currencies rose on Friday and were set for weekly gains as the US dollar hovered near multi-month lows. Brazilian assets rebounded after a selloff earlier in the week.
Investors are looking ahead to the Jackson Hole symposium for clues on Fed policy.
A softer dollar tends to support commodity prices and make dollar-priced grain and oilseed imports more affordable for emerging-market buyers. Its direction will depend on whether Fed signals at Jackson Hole turn hawkish.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.