Loading…
Most Latin American currencies steadied on Tuesday as concerns about the Omicron variant eased. The Peruvian sol hit five-week highs, while Brazilian stocks fell to a one-week low led by weakness in miner Vale.
Easing Omicron fears support risk appetite and emerging-market currencies, which can lower the cost of imported feed inputs for Latin American buyers. Weakness in Brazilian equities has little direct bearing on feed grain prices.
reuters.comShashank NayarDec 28, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
