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Peru's sol rose more than 4% over the week, its best in over 30 years, after President Castillo named more moderate cabinet officials. Chile's peso slumped to a 15-month low on political uncertainty tied to impeachment proceedings against President Pinera.
Brazil's real gained after the central bank said inflation would likely peak this month.
Currency moves in Latin American exporters affect farm export competitiveness and local commodity pricing, but the link to feed ingredient prices is indirect.
brecorder.comReutersOct 15, 2021After 213 past bearish macro events, Brazilian Real (BRL per USD) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +0.9%), and +0.2% over 20.
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.
