Currencies from Mexico, Brazil Lead Emerging Peers Lower

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Apr 21, 2020Oil-sensitive Mexican, Colombian pesos lead losses in Latam | Financial Post+0.6%
• Nov 11, 2020Brazil's real, Mexican peso hit by tepid economic data | Financial Post-0.5%
• Dec 9, 2021Strong dollar weighs on Latin American currencies | Financial Post+0.8%
• Apr 27, 2022Brazilian real, Chilean peso steady against raging dollar | Financial Post+0.6%
• Aug 30, 2018Fresh Stress Grips Weakest Emerging-Market Currencies+0.9%

After 301 past bullish macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.7%), and +1.0% over 20.

• Nov 17, 2022Brazil's real, stocks slide after budget proposal; other EM currencies weak | Financial Post+0.7%
• Jan 19, 2023Mexican peso leads LatAm FX lower as recession fears grow - Financial Post-0.8%
• Nov 1, 2016Brazil, Mexico currencies weaken after strong U.S. data+1.0%
• Nov 11, 2020Brazil's real, Mexican peso hit by tepid economic data | Financial Post-1.2%
• Dec 9, 2021Strong dollar weighs on Latin American currencies | Financial Post+3.1%

Not enough comparable past events yet for a historical read.