# EMERGING MARKETS-Peru's sol outpaces Latam FX, firm dollar caps gains | Kitco News

> The Peruvian sol gained against the dollar on April 17 after February economic activity data beat estimates, while most other Latin American currencies fell as the dollar rebounded. Brazil's real slid after central bank data showed economic activity fell in January.

- Date: 2023-04-17 · published 2023-04-17T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/36695-emerging-markets-peru-and-apos-s-sol-outpaces-latam-fx-firm-dollar-caps-gains
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A firmer dollar and weaker Brazilian real improve the competitiveness of South American soybean and corn exports, which can cap global feed grain and meal prices, while Peru's economic data bears on fishmeal export capacity.

## Read by commodity

- DXY: bullish ▲
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-02-02 | [EMERGING MARKETS-Latam FX come off multi-year highs as dollar firms \| Kitco News](https://feedsoft.ai/events/37616-emerging-markets-latam-fx-come-off-multi-year-highs-as-dollar-firms-kitco-news.md) | +1.3% | +2.1% |
| DXY | 2023-02-06 | [EMERGING MARKETS-Thai baht faces worst day in 23 years as strong dollar pressures Asia FX \| Kitco News](https://feedsoft.ai/events/37585-emerging-markets-thai-baht-faces-worst-day-in-23-years-as-strong-dollar.md) | +0.5% | +0.8% |
| DXY | 2022-06-15 | [EMERGING MARKETS - Latam FX slips after bruising selloff, Peru's sol rises - Monex USA](https://feedsoft.ai/events/41237-emerging-markets-latam-fx-slips-after-bruising-selloff-peru-s-sol-rises-monex.md) | -0.9% | +2.0% |
| DXY | 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) | -1.1% | -0.8% |
| DXY | 2020-08-24 | [EMERGING MARKETS-Recovery fears hit South Korea's won as U.S. dollar firms](https://feedsoft.ai/events/51853-emerging-markets-recovery-fears-hit-south-korea-s-won-as-u-s-dollar-firms.md) | -1.0% | -0.6% |
| 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% |
| USDBRL | 2023-05-02 | [EMERGING MARKETS-Brazil's real leads Latam FX down, stocks near one-month low \| Kitco News](https://feedsoft.ai/events/36149-emerging-markets-brazil-and-apos-s-real-leads-latam-fx-down-stocks-near-one.md) | +0.1% | +1.5% |
| USDBRL | 2022-06-15 | [EMERGING MARKETS - Latam FX slips after bruising selloff, Peru's sol rises - Monex USA](https://feedsoft.ai/events/41237-emerging-markets-latam-fx-slips-after-bruising-selloff-peru-s-sol-rises-monex.md) | +0.4% | +5.6% |

## Sources

- kitco.com: https://www.kitco.com/news/off-the-wire/2023-04-17/emerging-markets-peruaposs-sol-outpaces-latam-fx-firm-dollar-caps

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