
MSCI's Latin America FX index rose 1.3% to a two-month high after cooler US growth data and an in-line Fed inflation gauge weakened the dollar. The Colombian peso gained 1.2% and the Chilean peso about 1%, with a sharp yen jump also contributing to dollar softness.
A softer dollar lowers the local-currency cost of dollar-priced imports and supports regional demand for feed. Investors are still hedging heavily, so the currency gains may be limited.
Not enough comparable past events yet for a historical read.
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.