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Latin American currencies fell as investors awaited the Fed's Jackson Hole summit, while the spread of the Delta variant and weaker commodity prices weighed on the region. Mexico's peso fell 0.6% and Brazil's real lost 0.8%, with Mexico's economy growing more slowly than expected in the second quarter.
A weaker peso and real raise the local-currency cost of imported feed ingredients and tighten margins for Mexican and Brazilian feed buyers.
financialpost.comReutersAug 26, 2021Not enough comparable past events yet for a historical read.
After 301 past bullish macro events, USDBRL moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.7%), and +1.0% 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.
