# EMERGING MARKETS-Brazil's real leads Latam FX down, stocks near one-month low | Kitco News

> The Brazilian real slid 1.1% against the dollar after April manufacturing PMI fell to 44.3 and the Bovespa dropped 2.4%. Brazil's central bank was expected to hold rates at 13.75% and signal possible easing later in the year.

- Date: 2023-05-02 · published 2023-05-02T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/36149-emerging-markets-brazil-and-apos-s-real-leads-latam-fx-down-stocks-near-one
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

This is a currency and equity move driven by weak activity data and rate expectations, with little direct effect on feed commodity balances.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2023-04-17 | [EMERGING MARKETS-Peru's sol outpaces Latam FX, firm dollar caps gains \| Kitco News](https://feedsoft.ai/events/36695-emerging-markets-peru-and-apos-s-sol-outpaces-latam-fx-firm-dollar-caps-gains.md) | +2.2% | -0.3% |
| USDBRL | 2022-12-27 | [EMERGING MARKETS-Brazilian real leads Latin American FX down in thin holiday trading](https://feedsoft.ai/events/38431-emerging-markets-brazilian-real-leads-latin-american-fx-down-in-thin-holiday.md) | +5.6% | -0.9% |
| USDBRL | 2022-09-27 | [EMERGING MARKETS-Buoyant dollar weighs on Latam FX; stocks slide - Monex USA](https://feedsoft.ai/events/39791-emerging-markets-buoyant-dollar-weighs-on-latam-fx-stocks-slide-monex-usa.md) | -3.9% | -1.9% |
| USDBRL | 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) | +6.0% | +1.7% |
| USDBRL | 2023-04-18 | [EMERGING MARKETS-Chilean peso, Peru's sol up on China data cheer \| Kitco News](https://feedsoft.ai/events/36694-emerging-markets-chilean-peso-peru-and-apos-s-sol-up-on-china-data-cheer-kitco.md) | +2.2% | -0.8% |

## Sources

- kitco.com: https://www.kitco.com/news/off-the-wire/2023-05-02/emerging-markets-brazilaposs-real-leads-latam-fx-down-stocks-near-one

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