# EMERGING MARKETS-Mexico's peso falls on growth worries, stronger dollar

> The Mexican peso fell after Mexico's economy grew only 0.1% month-on-month in February, missing estimates, while a stronger dollar weighed on Latin American currencies. Brazil's real dropped 0.6% against the dollar despite a record March current account surplus.

- Date: 2023-04-25 · published 2023-04-25T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/36610-emerging-markets-mexico-s-peso-falls-on-growth-worries-stronger-dollar
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Currency moves in Latin America affect the competitiveness of Brazilian and Argentine oilseed and grain exports and the cost of imports for feed buyers; a weaker real typically encourages farmer selling and supports soy and corn export flows.

## Read by commodity

- USDBRL: bullish ▲
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-09-28 | [Slowing growth worries hammer Latam assets, Mexico's peso slumps 1% - Markets - Business Recorder](https://feedsoft.ai/events/45285-slowing-growth-worries-hammer-latam-assets-mexico-s-peso-slumps-1-markets.md) | +1.4% | +4.2% |
| 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 | 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 | 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 | 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

- finance.yahoo.com: https://finance.yahoo.com/news/emerging-markets-mexicos-peso-falls-151439298.html

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