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The Colombian peso rose about 1% and Chile's peso rallied ahead of a central bank meeting. Mexico's peso gained 0.3% but was set to end August down 1.1%, and Brazil's real hit three-week highs on falling unemployment.
Stronger Latin American currencies make dollar-denominated commodity imports from the region relatively cheaper, with little direct effect on feed grain prices.
reuters.comSusan MathewAug 31, 2021Not 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.
