
Latin American stocks and currencies rose after oil prices rebounded and the US dollar weakened, with the MSCI Latin America index up 1.5%. Chile's peso gained 1.5%, Colombia's rose 0.5%, Brazil's real slipped 0.6%, and Mexico's peso jumped 0.9%.
Investors are anticipating a possible Fed rate cut in September.
A weaker dollar and firmer regional currencies can lower the local-currency cost of imported feed ingredients, while the oil rebound feeds into diesel and freight costs.
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.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% 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.