# EMERGING MARKETS-Latam FX up for tenth straight session, poised for strongest quarter in a year | Kitco News

> Most Latin American currencies strengthened on Friday as the dollar pared gains after US inflation showed signs of cooling. The MSCI Latam currency index rose 0.8% and was on track for a quarterly gain above 8%, with the Mexican peso the biggest gainer in the first quarter. Brazil's real firmed 0.4% after the finance ministry unveiled a proposal for new fiscal rules.

- Date: 2023-03-31 · published 2023-03-31T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/37169-emerging-markets-latam-fx-up-for-tenth-straight-session-poised-for-strongest
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A stronger Mexican peso and Brazilian real make dollar-priced feed imports cheaper for buyers in those countries and reduce local costs for US grain and meal, while a weaker dollar generally supports dollar-denominated commodity prices.

## Read by commodity

- USDBRL: bearish ▼
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 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) | +2.3% | +0.4% |
| 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% |
| 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 | 2021-02-13 | [Latam Charts: FX in a Long-Term Macro Lens \| Post](https://feedsoft.ai/events/48919-latam-charts-fx-in-a-long-term-macro-lens-post.md) | +2.0% | +5.3% |

## Sources

- kitco.com: https://www.kitco.com/news/off-the-wire/2023-03-31/emerging-markets-latam-fx-tenth-straight-session-poised-strongest

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