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Latin American currencies, including Mexico's and Colombia's pesos, rose as the US dollar lost strength after Trump named a Wall Street veteran as Treasury secretary nominee. The nominee's fiscal conservatism eased concerns about aggressive tariffs.
Chile's peso gained, helped by higher copper prices, while the Brazilian real also advanced.
A firmer peso lowers the local-currency cost of US feed grains and meal, which can support Mexican import demand. The move reflects reduced tariff fears, but it is a currency-driven shift rather than a change in physical supply.
finimize.comFinimize NewsroomNov 25, 2024Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, DXY 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.
