# EMERGING MARKETS-Latin American currencies up on weaker dollar; Brazil's real lags on rate-cut speculation

> Most Latin American currencies rose on August 30 as the US dollar weakened after data showed slower US second-quarter growth and smaller private job gains in August. The Brazilian real fell 0.5% against the dollar despite Brazil's formal job creation meeting expectations, while Brazil's IGP-M price index fell 0.14% in August.

- Date: 2023-08-30 · published 2023-08-30T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/34788-emerging-markets-latin-american-currencies-up-on-weaker-dollar-brazil-s-real
- 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 weaker dollar and falling Brazilian inflation support a stronger real, which tends to make Brazilian soybean and corn exports priced in dollars less competitive for farmers selling in reais and can lift Brazilian feed prices; the real's underperformance tempers that effect.

## Read by commodity

- DXY: bearish ▼
- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2023-09-26 | [EMERGING MARKETS-Brazil's real steady after inflation data, Hungary trims interest rates](https://feedsoft.ai/events/34325-emerging-markets-brazil-s-real-steady-after-inflation-data-hungary-trims.md) | +2.3% | +0.7% |
| USDBRL | 2018-08-09 | [Turkish Lira Crashes, But Are Emerging Currencies (Mexican Peso, Brazilian Real) Improving?](https://feedsoft.ai/events/9472-turkish-lira-crashes-but-are-emerging-currencies-mexican-peso-brazilian-real.md) | +4.5% | +10.7% |
| USDBRL | 2023-12-08 | [EMERGING MARKETS-Colombian peso up after inflation data; Latam FX, stocks slip on the week](https://feedsoft.ai/events/32984-emerging-markets-colombian-peso-up-after-inflation-data-latam-fx-stocks-slip-on.md) | -0.1% | -0.6% |
| USDBRL | 2019-11-21 | [EMERGING MARKETS-Latam FX muted after mixed signals on trade; Brazil stocks gain](https://feedsoft.ai/events/56373-emerging-markets-latam-fx-muted-after-mixed-signals-on-trade-brazil-stocks-gain.md) | +1.5% | -3.3% |
| USDBRL | 2021-02-26 | [Brazil intervenes in FX markets to arrest real's fall — Octa](https://feedsoft.ai/events/48851-brazil-intervenes-in-fx-markets-to-arrest-real-s-fall-octa.md) | +1.4% | +2.6% |
| DXY | 2022-11-10 | [EMERGING MARKETS-Brazil's real sinks 4%, other FX rally on dollar weakness](https://feedsoft.ai/events/38888-emerging-markets-brazil-s-real-sinks-4-other-fx-rally-on-dollar-weakness.md) | -1.6% | -2.8% |
| DXY | 2024-07-31 | [Latin American Stocks And Currencies Climb On Oil Rebound And Weak Dollar - Finimize](https://feedsoft.ai/events/29564-latin-american-stocks-and-currencies-climb-on-oil-rebound-and-weak-dollar.md) | -0.5% | -1.9% |
| DXY | 2023-03-20 | [EMERGING MARKETS-Latam currencies rise against soft dollar \| Kitco News](https://feedsoft.ai/events/37068-emerging-markets-latam-currencies-rise-against-soft-dollar-kitco-news.md) | -0.9% | -2.2% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/emerging-markets-latin-american-currencies-152815359.html

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