# Slowing growth worries hammer Latam assets, Mexico's peso slumps 1% - Markets - Business Recorder

> Latin American stocks fell about 2.2% on Thursday amid growth worries after Chinese industrial profits weakened during a power shortage. Mexico's peso slid 1% as US Treasury yields rose, and Brazil's real fell to a near six-week low near 5.417 per dollar. Brazil's central bank minutes showed it considered hikes of more than 100 bps.

- Date: 2021-09-28 · published 2021-09-28T12:00:00.000Z
- Category: macro · region Latam · magnitude low
- Page: https://feedsoft.ai/events/45285-slowing-growth-worries-hammer-latam-assets-mexico-s-peso-slumps-1-markets
- 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

Weaker Chinese demand and a firmer dollar pressure Latin American commodity exporters and their currencies. Higher Brazilian rates and a weaker real can shift export competitiveness for soy and corn.

## Read by commodity

- USDBRL: bullish ▲
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-03-22 | [Turkey shock waves hit Latam markets, Mexican peso slides 1pc - Markets - Business Recorder](https://feedsoft.ai/events/48326-turkey-shock-waves-hit-latam-markets-mexican-peso-slides-1pc-markets-business.md) | +4.4% | +2.5% |
| USDBRL | 2021-06-29 | [Colombian peso drops over 1%; Mexican peso on a winning streak - Markets - Business Recorder](https://feedsoft.ai/events/46880-colombian-peso-drops-over-1-mexican-peso-on-a-winning-streak-markets-business.md) | +4.8% | +4.4% |
| USDBRL | 2020-06-25 | [Latam stocks fall on virus woes; Mexican peso weak before rate move - Markets - Business Recorder](https://feedsoft.ai/events/52835-latam-stocks-fall-on-virus-woes-mexican-peso-weak-before-rate-move-markets.md) | +0.9% | -3.0% |
| USDBRL | 2023-04-25 | [EMERGING MARKETS-Mexico's peso falls on growth worries, stronger dollar](https://feedsoft.ai/events/36610-emerging-markets-mexico-s-peso-falls-on-growth-worries-stronger-dollar.md) | -1.3% | -1.8% |
| USDBRL | 2021-03-03 | [Brazil real slumps to three-month low as central bank intervenes selling $2bn - Markets - Business Recorder](https://feedsoft.ai/events/12205-brazil-real-slumps-to-three-month-low-as-central-bank-intervenes-selling-2bn.md) | +1.7% | +0.6% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/slowing-growth-worries-hammer-latam-assets-mexicos-peso-slumps-1
- brecorder.com: https://www.brecorder.com/news/40123205

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