# Latam FX falls as dollar rises, Peru's sol bucks trend | Reuters

> Most Latin American currencies fell against the dollar on April 14 as the dollar recovered after U.S. retail sales fell in March and a Fed official called for further rate hikes. Peru's sol outperformed regional peers after the central bank held rates steady for a third straight time.

- Date: 2023-04-14 · published 2023-04-14T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/36693-latam-fx-falls-as-dollar-rises-peru-s-sol-bucks-trend-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A firmer dollar and weaker Latam currencies can make South American grain and oilseed exports cheaper in dollar terms, which tends to weigh on soybean meal and corn export prices, while a stronger sol supports Peruvian fishmeal buying power.

## Read by commodity

- DXY: bullish ▲
- SBM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-11-22 | [Dollar demand rises via FX swaps as year-end rush eyed \| Reuters](https://feedsoft.ai/events/44249-dollar-demand-rises-via-fx-swaps-as-year-end-rush-eyed-reuters.md) | +1.2% | +0.7% |
| DXY | 2017-11-01 | [Dollar rises on strong U.S. data, Fed signals \| Reuters](https://feedsoft.ai/events/68151-dollar-rises-on-strong-u-s-data-fed-signals-reuters.md) | +0.1% | -1.2% |
| DXY | 2023-02-16 | [EM currencies muted as dollar rises, Colombia's peso falls again](https://feedsoft.ai/events/37627-em-currencies-muted-as-dollar-rises-colombia-s-peso-falls-again.md) | +0.5% | +1.1% |
| DXY | 2023-10-12 | [Dollar, yields rise, stocks fall after US consumer price data By Reuters](https://feedsoft.ai/events/33818-dollar-yields-rise-stocks-fall-after-us-consumer-price-data-by-reuters.md) | +0.9% | -0.6% |
| DXY | 2025-10-21 | [South African rand falls on stronger dollar \| Reuters](https://feedsoft.ai/events/22706-south-african-rand-falls-on-stronger-dollar-reuters.md) | +0.1% | +0.5% |
| SBM | 2023-01-09 | [Brazil's Currency Falls Vs. Dollar After Riot by Bolsonaro Supporters - Markets Insider](https://feedsoft.ai/events/37983-brazil-s-currency-falls-vs-dollar-after-riot-by-bolsonaro-supporters-markets.md) | +1.7% | -1.2% |
| SBM | 2020-02-12 | [Brazilian real's new low vs dollar brings year-to-date loss to almost 8% By Reuters](https://feedsoft.ai/events/54781-brazilian-real-s-new-low-vs-dollar-brings-year-to-date-loss-to-almost-8-by.md) | +0.8% | +1.8% |
| SBM | 2022-07-12 | [Dollar rises to 20-year highs, sends grains lower – The Seam](https://feedsoft.ai/events/5974-dollar-rises-to-20-year-highs-sends-grains-lower-the-seam.md) | -8.2% | +3.6% |

## Sources

- reuters.com: https://www.reuters.com/article/legal/government/latam-fx-falls-as-dollar-rises-perus-sol-bucks-trend-idUSL4N36H34N/

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