
Latin American stocks rose to a one-year high on August 28, led by a record Ibovespa above 140,000 points. Latam currencies edged higher as traders raised bets on a September Fed rate cut, with markets pricing an 85% chance.
The dollar index eased.
A weaker dollar and expectations of Fed easing support emerging-market currencies such as the real, which tends to make Brazilian soybean and meal offers cheaper in dollar terms. The effect on grain prices is modest.
After 213 past bearish macro events, Brazilian Real (BRL per USD) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +0.9%), and +0.2% over 20.
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.