# USD/MXN jumps to 20.50 as Wall Street plunges — Octa

> The USD/MXN jumped from below 20.00 to 20.50 on Monday as global markets fell and US Treasury yields rose to multi-year highs. Latin American currencies were the weakest performers, with the Chilean peso, Brazilian real and Colombian peso all falling more than 2%.

- Date: 2022-06-13 · published 2022-06-13T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/41166-usd-mxn-jumps-to-20-50-as-wall-street-plunges-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Sharp risk-off moves weakening Latin American currencies raise the cost of imported feed inputs for regional buyers and can pressure Brazilian and Argentine export pricing in dollar terms.

## Read by commodity

- DXY: bullish ▲
- USDBRL: bullish ▲
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2020-03-05 | [Brazilian Real (BRL USD) Plunges to Record Low as Rate Cut Seen - Bloomberg](https://feedsoft.ai/events/9274-brazilian-real-brl-usd-plunges-to-record-low-as-rate-cut-seen-bloomberg.md) | +3.0% | +15.4% |
| USDBRL | 2016-11-10 | [USD/BRL: Brazilian real tumbles to lowest since June — Octa](https://feedsoft.ai/events/5468-usd-brl-brazilian-real-tumbles-to-lowest-since-june-octa.md) | +6.1% | +4.5% |
| USDBRL | 2020-01-20 | [For Wall Street, Mexico Has Stolen Brazil’s Thunder](https://feedsoft.ai/events/55287-for-wall-street-mexico-has-stolen-brazil-s-thunder.md) | +1.0% | +3.9% |
| USDBRL | 2019-10-30 | [Brazil: BCB to cut rates by 50bps – TDS — Octa](https://feedsoft.ai/events/56777-brazil-bcb-to-cut-rates-by-50bps-tds-octa.md) | -0.1% | +6.6% |
| USDBRL | 2020-03-12 | [Brazil ups FX intervention, pledges to ease bond market strains](https://feedsoft.ai/events/6394-brazil-ups-fx-intervention-pledges-to-ease-bond-market-strains.md) | +9.2% | +10.4% |
| DXY | 2019-10-31 | [Octa — USD/MXN jumps back above 19.20 on risk aversion](https://feedsoft.ai/events/56790-octa-usd-mxn-jumps-back-above-19-20-on-risk-aversion.md) | -0.1% | +0.8% |
| DXY | 2022-04-22 | [Wall Street dives, dollar jumps as rate hikes take spotlight \| Reuters](https://feedsoft.ai/events/7375-wall-street-dives-dollar-jumps-as-rate-hikes-take-spotlight-reuters.md) | +2.5% | +2.0% |
| DXY | 2022-04-28 | [AUD/USD plunges to near 0.7080, safe-haven appeal improves — Octa](https://feedsoft.ai/events/42093-aud-usd-plunges-to-near-0-7080-safe-haven-appeal-improves-octa.md) | +0.1% | -0.4% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/977268/

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