# EMERGING MARKETS-Latam currencies rise against soft dollar | Kitco News

> Latin American currencies, led by the Brazilian real and Mexican peso, gained against a weaker dollar on March 20 as markets priced a possible Federal Reserve pause after banking sector stress. UBS agreed to buy Credit Suisse, and Brazil's central bank was expected to hold the Selic rate at 13.75%.

- Date: 2023-03-20 · published 2023-03-20T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/37068-emerging-markets-latam-currencies-rise-against-soft-dollar-kitco-news
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [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

A softer dollar and firmer Latin currencies lower the local-currency cost of US commodity imports for Brazil and Mexico, a modestly supportive backdrop for export demand.

## Read by commodity

- DXY: bearish ▼
- USDBRL: bearish ▼
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2017-11-06 | [U.S. Dollar Slides Against Emerging Markets on Low Yields - WSJ](https://feedsoft.ai/events/68183-u-s-dollar-slides-against-emerging-markets-on-low-yields-wsj.md) | -0.1% | -1.3% |
| 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 | 2023-04-13 | [EMERGING MARKETS-Peru's sol rises before c.bank decision, Latam FX up for third day \| Kitco News](https://feedsoft.ai/events/36696-emerging-markets-peru-and-apos-s-sol-rises-before-c-bank-decision-latam-fx-up.md) | +0.3% | -0.4% |
| USDBRL | 2022-05-26 | [Emerging-markets currencies stay strong despite dollar’s rise](https://feedsoft.ai/events/41608-emerging-markets-currencies-stay-strong-despite-dollar-s-rise.md) | -1.5% | +8.0% |
| USDBRL | 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) | +2.8% | +2.5% |
| 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/2023-03-20/emerging-markets-latam-currencies-rise-against-soft-dollar

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