
Latin American stocks and currencies slipped as the US dollar strengthened ahead of a Federal Reserve decision. MSCI's Latin America index fell 0.7% and was set for an eighth straight daily drop.
Brent hit a one-month high, and the UAE said it plans to exit OPEC.
A stronger dollar and firmer oil raise import costs and inflation risk across Latin America, which can weigh on regional currencies and feed demand. The effect on grain and feed prices is indirect.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.