# Latam stocks rise as US growth worries ease; currencies gain - Finance Funds Update

> Latin American stocks and currencies rose on August 15, 2024, after stronger-than-expected US July retail sales eased fears of a sharp US slowdown. MSCI's Latin American stock index rose 0.6%, and Argentine, Brazilian, Colombian and Mexican benchmarks gained between 0.6% and 2.3%. Traders trimmed bets on a 50-basis-point September Fed cut to a 25-basis-point cut, with odds at 74.5%.

- Date: 2024-08-15 · published 2024-08-15T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/29084-latam-stocks-rise-as-us-growth-worries-ease-currencies-gain-finance-funds-update
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Easing recession fears and a firmer regional currency tone support demand for commodity exports and reduce the risk of a dollar spike, which tends to support regional commodity prices. A smaller expected Fed cut, however, limits how far the dollar weakens.

## Read by commodity

- DXY: bearish ▼
- USDBRL: bearish ▼
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-06-23 | [Asian currencies gain as Fed reassures on rates; Thai cbank in focus \| Financial Post](https://feedsoft.ai/events/46859-asian-currencies-gain-as-fed-reassures-on-rates-thai-cbank-in-focus-financial.md) | -0.6% | +0.4% |
| 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 | 2022-08-31 | [Most Asian FX rises; Thai baht, equities gain on growth view \| Financial Post](https://feedsoft.ai/events/40312-most-asian-fx-rises-thai-baht-equities-gain-on-growth-view-financial-post.md) | +0.9% | +3.6% |
| DXY | 2023-03-20 | [EMERGING MARKETS-Latam currencies rise against soft dollar \| Kitco News](https://feedsoft.ai/events/37068-emerging-markets-latam-currencies-rise-against-soft-dollar-kitco-news.md) | -0.9% | -2.2% |
| DXY | 2024-03-01 | [Asian currencies tepid after soft US inflation - Business & Finance - Business Recorder](https://feedsoft.ai/events/31485-asian-currencies-tepid-after-soft-us-inflation-business-and-finance-business.md) | -0.8% | -0.1% |
| USDBRL | 2020-03-20 | [Latam currencies come off record lows, stocks rally \| Financial Post](https://feedsoft.ai/events/7019-latam-currencies-come-off-record-lows-stocks-rally-financial-post.md) | -3.0% | +1.6% |
| USDBRL | 2022-05-19 | [Brazilian real leads Latam currencies higher on China lockdown easing \| Financial Post](https://feedsoft.ai/events/41606-brazilian-real-leads-latam-currencies-higher-on-china-lockdown-easing-financial.md) | -2.5% | +1.6% |
| USDBRL | 2023-03-20 | [EMERGING MARKETS-Latam currencies rise against soft dollar \| Kitco News](https://feedsoft.ai/events/37068-emerging-markets-latam-currencies-rise-against-soft-dollar-kitco-news.md) | -0.6% | -6.5% |

## Sources

- financefundsupdate.com: https://financefundsupdate.com/currencies/latam-stocks-rise-as-us-growth-worries-ease-currencies-gain/

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