# Latam FX slides ahead of U.S. Fed decision, unrest in Peru weighs | Financial Post

> Latin American currencies slid ahead of the US Fed decision, and Brazil's real fell 0.7% to two-week lows after data showed October economic activity contracted. Peru's sol fell 0.1% as protests linked to Castillo's arrest left at least six people dead in mining regions.

- Date: 2022-12-14 · published 2022-12-14T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/38512-latam-fx-slides-ahead-of-u-s-fed-decision-unrest-in-peru-weighs-financial-post
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

Brazil's weaker growth and Peru's unrest raise currency and supply risks. A softer real supports Brazilian export competitiveness in soymeal and corn, while mining disruption in Peru, a major copper producer, is a broader macro concern rather than a direct feed driver.

## Read by commodity

- USDBRL: bullish ▲
- USDPEN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-09-14 | [Latam FX falls as U.S. inflation optimism fizzles out \| Financial Post](https://feedsoft.ai/events/45291-latam-fx-falls-as-u-s-inflation-optimism-fizzles-out-financial-post.md) | +2.3% | +6.2% |
| USDBRL | 2021-01-29 | [Brazil's real lags Latam FX on a barrage of weak data \| Financial Post](https://feedsoft.ai/events/49383-brazil-s-real-lags-latam-fx-on-a-barrage-of-weak-data-financial-post.md) | +0.5% | +3.2% |
| USDBRL | 2022-09-13 | [Latam FX slump as hot U.S. inflation sends dollar soaring \| Financial Post](https://feedsoft.ai/events/39796-latam-fx-slump-as-hot-u-s-inflation-sends-dollar-soaring-financial-post.md) | +0.4% | +1.1% |
| USDBRL | 2021-12-09 | [Strong dollar weighs on Latin American currencies \| Financial Post](https://feedsoft.ai/events/43821-strong-dollar-weighs-on-latin-american-currencies-financial-post.md) | +3.1% | +1.5% |
| USDBRL | 2020-07-23 | [Latam FX weakens, Brazil's real comes off one-month high \| Financial Post](https://feedsoft.ai/events/52312-latam-fx-weakens-brazil-s-real-comes-off-one-month-high-financial-post.md) | +1.0% | +8.0% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/latam-fx-slides-ahead-of-u-s-fed-decision-unrest-in-peru-weighs

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