# Most Latin American currencies up ahead of central bank policy decisions

> Most Latin American currencies gained on Monday as the dollar was subdued, extending gains to a sixth straight session, the longest winning streak since April. The MSCI index rose 0.3% ahead of a week of major central bank decisions, with the Brazilian real rising before a local rate announcement.

- Date: 2023-09-18 · published 2023-09-18T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/34396-most-latin-american-currencies-up-ahead-of-central-bank-policy-decisions
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer Latin American currency basket, especially the real, makes dollar-priced exports from Brazil and Argentina more competitive, which can weigh on soybean and corn export prices in US dollar terms.

## Read by commodity

- DXY: bearish ▼
- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2024-07-29 | [Latin American Currencies Tumble Ahead Of Key Central Bank Decisions - Finimize](https://feedsoft.ai/events/29525-latin-american-currencies-tumble-ahead-of-key-central-bank-decisions-finimize.md) | +1.4% | -2.6% |
| USDBRL | 2019-12-05 | [Latin America’s Currencies Are Back From the Brink of Collapse - Bloomberg](https://feedsoft.ai/events/55825-latin-america-s-currencies-are-back-from-the-brink-of-collapse-bloomberg.md) | -1.7% | -3.6% |
| USDBRL | 2022-09-12 | [Latam currencies rally as dollar weakens ahead of U.S. inflation data](https://feedsoft.ai/events/39788-latam-currencies-rally-as-dollar-weakens-ahead-of-u-s-inflation-data.md) | +2.6% | +1.2% |
| USDBRL | 2017-01-27 | [Latin American currencies strengthen after weak U.S. GDP data \| El Universal](https://feedsoft.ai/events/73184-latin-american-currencies-strengthen-after-weak-u-s-gdp-data-el-universal.md) | -2.0% | -2.4% |
| USDBRL | 2021-06-24 | [Latam FX cheers weak U.S. data; Mexican central bank awaited \| Financial Post](https://feedsoft.ai/events/46802-latam-fx-cheers-weak-u-s-data-mexican-central-bank-awaited-financial-post.md) | +1.1% | +5.2% |
| 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 | 2022-09-12 | [Latam currencies rally as dollar weakens ahead of U.S. inflation data](https://feedsoft.ai/events/39788-latam-currencies-rally-as-dollar-weakens-ahead-of-u-s-inflation-data.md) | +0.9% | +2.8% |
| DXY | 2026-08-01 | [Japan intervenes to prop up yen ahead of BOJ policy decision, source says](https://feedsoft.ai/events/18580-japan-intervenes-to-prop-up-yen-ahead-of-boj-policy-decision-source-says.md) | -0.5% | -0.8% |

## Sources

- reuters.com: https://www.reuters.com/article/legal/government/most-latin-american-currencies-up-ahead-of-central-bank-policy-decisions-idUSL4N3AU2IV/

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