# Dollar’s Strength Defied in Latin America - WSJ

> Several Latin American currencies have outperformed the US dollar in 2022 despite its broad strength. The Brazilian real is up more than 17% against the dollar, the top performer globally, while the Chilean and Uruguayan pesos have gained about 9.5% and 7.4%. The Mexican peso is up around 2.4%.

- Date: 2022-03-29 · published 2022-03-29T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/42472-dollar-s-strength-defied-in-latin-america-wsj
- 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

Currency strength in major Latin American grain and meat exporters shifts their export pricing and import costs for feed ingredients. The move is mainly a currency story with limited direct effect on commodity prices.

## Read by commodity

- USDBRL: bearish ▼
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2022-02-01 | [Commodity strength, weaker dollar drive Latin American assets higher \| Financial Post](https://feedsoft.ai/events/42906-commodity-strength-weaker-dollar-drive-latin-american-assets-higher-financial.md) | +0.1% | -2.5% |
| USDBRL | 2017-01-27 | [Latin American currencies strengthen after weak U.S. GDP data \| El Universal](https://feedsoft.ai/events/73184-latin-american-currencies-strengthen-after-weak-u-s-gdp-data-el-universal.md) | -2.0% | -2.4% |
| USDBRL | 2019-12-05 | [Latin America’s Currencies Are Back From the Brink of Collapse - Bloomberg](https://feedsoft.ai/events/55825-latin-america-s-currencies-are-back-from-the-brink-of-collapse-bloomberg.md) | -1.7% | -3.6% |
| USDBRL | 2022-09-12 | [Latam currencies rally as dollar weakens ahead of U.S. inflation data](https://feedsoft.ai/events/39788-latam-currencies-rally-as-dollar-weakens-ahead-of-u-s-inflation-data.md) | +2.6% | +1.2% |
| USDBRL | 2018-09-28 | [Brazilian currency strengthens below 4 to the dollar: first time in five weeks — MercoPress](https://feedsoft.ai/events/63259-brazilian-currency-strengthens-below-4-to-the-dollar-first-time-in-five-weeks.md) | -1.8% | -8.2% |

## Sources

- wsj.com: https://www.wsj.com/finance/currencies/dollars-strength-defied-in-latin-america-11648508860

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