# Mexico’s Peso Wins the Hearts of FX Traders as Brazil’s Real Appeal Dims

> Latin American currency traders have shifted from Brazil's real, the region's top performer this year, toward Mexico's peso, which has rallied more than 13% against the real since late April. The real remains up 6.5% in 2022 versus the peso's 3.3% gain, and Brazilian policymakers are nearing the end of their tightening cycle.

- Date: 2022-06-27 · published 2022-06-27T12:00:00.000Z
- Category: market · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/41149-mexico-s-peso-wins-the-hearts-of-fx-traders-as-brazil-s-real-appeal-dims
- Commodities: [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

Currency moves change the local-currency cost of Brazilian and Mexican soybean meal, corn and other feed imports, and a weaker real can encourage Brazilian export selling of grains.

## Read by commodity

- USDBRL: neutral
- USDMXN: neutral

## Sources

- bloomberglinea.com: https://www.bloomberglinea.com/english/mexicos-peso-wins-the-hearts-of-fx-traders-as-brazils-real-appeal-dims/

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