Latam FX slump as hot U.S. inflation sends dollar soaring

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• May 27, 2021Dollar firms as traders brace for U.S. inflation gauge | Financial Post+0.3%
• Apr 19, 2023Dollar firms as U.S. yields rise, high British inflation underpins pound | Financial Post+0.4%
• Jan 27, 2022Strong dollar hits Latam FX, Russian assets rise | Financial Post+0.1%
• Dec 28, 2022China's yuan weakens as U.S. dollar gains on sustained inflation outlook | Financial Post-0.2%
• May 31, 2021Dollar near 2-month high vs yen, U.S. inflation beats expectations | Financial Post-0.2%

After 301 past bullish macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.7%), and +1.0% over 20.

• Sep 14, 2021Latam FX falls as U.S. inflation optimism fizzles out | Financial Post+2.3%
• Dec 14, 2022Latam FX slides ahead of U.S. Fed decision, unrest in Peru weighs | Financial Post-1.3%
• Dec 9, 2021Strong dollar weighs on Latin American currencies | Financial Post+3.1%
• May 31, 2023Brazil's real leads fall in Latam FX, Chile's peso down as copper output drops | Financial Post-3.0%
• Jan 29, 2021Brazil's real lags Latam FX on a barrage of weak data | Financial Post+0.5%

Not enough comparable past events yet for a historical read.