# Latin American Stocks And Currencies Climb On Oil Rebound And Weak Dollar - Finimize

> 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.

- Date: 2024-07-31 · published 2024-07-31T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/29564-latin-american-stocks-and-currencies-climb-on-oil-rebound-and-weak-dollar
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

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.

## Read by commodity

- DXY: bearish ▼
- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-11-25 | [Latin American Currencies Climb With Waning Dollar Strength - Finimize](https://feedsoft.ai/events/27673-latin-american-currencies-climb-with-waning-dollar-strength-finimize.md) | -0.3% | +0.7% |
| 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 | 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 | [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 | 2023-03-13 | [Thai baht climbs as Asian currencies gain on weak US dollar](https://feedsoft.ai/events/37133-thai-baht-climbs-as-asian-currencies-gain-on-weak-us-dollar.md) | +0.3% | -1.6% |
| WTI | 2021-08-23 | [Rebound in commodity prices, weaker dollar lift Latam currencies - Markets - Business Recorder](https://feedsoft.ai/events/45760-rebound-in-commodity-prices-weaker-dollar-lift-latam-currencies-markets.md) | +10.5% | +13.0% |
| WTI | 2022-02-01 | [Commodity strength, weaker dollar drive Latin American assets higher \| Financial Post](https://feedsoft.ai/events/42906-commodity-strength-weaker-dollar-drive-latin-american-assets-higher-financial.md) | +2.8% | +16.6% |
| WTI | 2020-05-18 | [Dollar struggles as rising oil prices lift commodity currencies](https://feedsoft.ai/events/53034-dollar-struggles-as-rising-oil-prices-lift-commodity-currencies.md) | +13.5% | +26.0% |

## Sources

- finimize.com: https://finimize.com/content/latin-american-stocks-and-currencies-climb-on-oil-rebound-and-weak-dollar

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