# Latin American currencies fall on commodities weakness; Brazil in focus - Invest Insider News

> Most Latin American currencies fell on Tuesday as commodity prices weakened, with copper hitting three-and-a-half-month lows. Brazil's real outperformed slightly and Brazil raised its primary deficit forecast to 32.6 billion reais.

- Date: 2024-07-23 · published 2024-07-23T12:00:00.000Z
- Category: market · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/29479-latin-american-currencies-fall-on-commodities-weakness-brazil-in-focus-invest
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Weaker commodity prices alongside regional currency moves signal softer export values for Latin American agricultural goods, while Brazil's fiscal measures shape the real's direction.

## Sources

- investinsidernews.com: https://investinsidernews.com/commodities/latin-american-currencies-fall-on-commodities-weakness-brazil-in-focus/

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