# Latin American Currencies Climb With Waning Dollar Strength - Finimize

> 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.

- Date: 2024-11-25 · published 2024-11-25T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/27673-latin-american-currencies-climb-with-waning-dollar-strength-finimize
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bearish ▼
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-07-31 | [Latin American Stocks And Currencies Climb On Oil Rebound And Weak Dollar - Finimize](https://feedsoft.ai/events/29564-latin-american-stocks-and-currencies-climb-on-oil-rebound-and-weak-dollar.md) | -0.5% | -1.9% |
| DXY | 2026-07-30 | [Latin American Currencies Rose As The Dollar Softened - Finimize](https://feedsoft.ai/events/18576-latin-american-currencies-rose-as-the-dollar-softened-finimize.md) | -1.2% | -1.9% |
| DXY | 2025-04-29 | [Asian Currencies Climb As US Dollar Feels The Heat - Finimize](https://feedsoft.ai/events/25388-asian-currencies-climb-as-us-dollar-feels-the-heat-finimize.md) | -0.4% | -0.9% |
| DXY | 2023-08-30 | [EMERGING MARKETS-Latin American currencies up on weaker dollar; Brazil's real lags on rate-cut speculation](https://feedsoft.ai/events/34788-emerging-markets-latin-american-currencies-up-on-weaker-dollar-brazil-s-real.md) | +1.3% | +2.3% |
| DXY | 2025-04-29 | [Sterling Maintains Strength, Nears Record Dollar Highs - Finimize](https://feedsoft.ai/events/25382-sterling-maintains-strength-nears-record-dollar-highs-finimize.md) | -0.4% | -0.9% |

## Sources

- finimize.com: https://finimize.com/content/latin-american-currencies-climb-with-waning-dollar-strength

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.