# Latam FX steadies as Omicron fears ebb, Peru's sol hits five-week highs

> 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.

- Date: 2021-12-28 · published 2021-12-28T12:00:00.000Z
- Category: market · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/43884-latam-fx-steadies-as-omicron-fears-ebb-peru-s-sol-hits-five-week-highs
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

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.

## Read by commodity

- USDBRL: neutral
- USDPEN: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/rates-bonds/mexican-peso-leads-latam-fx-higher-omicron-concern-ebbs-2021-12-28/

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