# EMERGING MARKETS-Peru's sol rises before c.bank decision, Latam FX up for third day | Kitco News

> Peru's sol rose on April 13 ahead of a central bank decision, tracking gains across Latin American currencies as the dollar fell after U.S. data raised hopes the Fed was nearing the end of its hiking cycle. Brazil's real hit a ten-month high and the MSCI Latin American currencies index reached its highest level in over eight years.

- Date: 2023-04-13 · published 2023-04-13T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/36696-emerging-markets-peru-and-apos-s-sol-rises-before-c-bank-decision-latam-fx-up
- 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 weaker dollar and firmer Brazilian real make South American grain and oilseed exports pricier in local terms, which can support global soybean meal and corn prices, while a stronger sol helps Peruvian fishmeal producers.

## Read by commodity

- DXY: bearish ▼
- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-01-31 | [EMERGING MARKETS-Latam FX heads for best month since May \| Kitco News](https://feedsoft.ai/events/38075-emerging-markets-latam-fx-heads-for-best-month-since-may-kitco-news.md) | +1.4% | +2.1% |
| 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% |
| DXY | 2023-02-13 | [EMERGING MARKETS-Brazilian real leads Latam FX higher as dollar slips \| Kitco News](https://feedsoft.ai/events/37527-emerging-markets-brazilian-real-leads-latam-fx-higher-as-dollar-slips-kitco-news.md) | +0.3% | +0.6% |
| DXY | 2026-08-21 | [EMERGING MARKETS-LatAm markets set for weekly gains as softer dollar buoys risk appetite \| Bitget News](https://feedsoft.ai/events/18108-emerging-markets-latam-markets-set-for-weekly-gains-as-softer-dollar-buoys-risk.md) | +0.1% | +1.1% |
| DXY | 2023-03-30 | [FOREX-Euro rises as inflation takes centre stage, bank fears recede \| Kitco News](https://feedsoft.ai/events/37075-forex-euro-rises-as-inflation-takes-centre-stage-bank-fears-recede-kitco-news.md) | -0.4% | -0.3% |
| USDBRL | 2023-03-31 | [EMERGING MARKETS-Latam FX up for tenth straight session, poised for strongest quarter in a year \| Kitco News](https://feedsoft.ai/events/37169-emerging-markets-latam-fx-up-for-tenth-straight-session-poised-for-strongest.md) | -1.1% | -2.1% |
| USDBRL | 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) | -0.6% | -6.5% |
| USDBRL | 2023-02-13 | [EMERGING MARKETS-Brazilian real leads Latam FX higher as dollar slips \| Kitco News](https://feedsoft.ai/events/37527-emerging-markets-brazilian-real-leads-latam-fx-higher-as-dollar-slips-kitco-news.md) | -1.4% | -0.3% |

## Sources

- kitco.com: https://www.kitco.com/news/off-the-wire/2023-04-13/emerging-markets-peruaposs-sol-rises-cbank-decision-latam-fx-third-day

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