# Latam FX range bound on caution ahead of Powell speech - Markets - Business Recorder

> Latin American currencies traded in a tight range on Friday ahead of a speech by Federal Reserve Chair Jerome Powell at the Jackson Hole conference. The Brazilian real rose 0.3% against the dollar and was on track for a weekly gain of 2.6%, one of the best-performing emerging market currencies. The Mexican peso extended its declines to a third straight day.

- Date: 2021-08-27 · published 2021-08-27T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/45832-latam-fx-range-bound-on-caution-ahead-of-powell-speech-markets-business-recorder
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A firmer real eases the cost of dollar-priced grain and meal imports for Brazil's feed sector, while Fed guidance on tapering can shift dollar strength across commodity prices.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-01-20 | [Brazil's real rises ahead of c.bank meeting, rest of Latam trails - Markets - Business Recorder](https://feedsoft.ai/events/49388-brazil-s-real-rises-ahead-of-c-bank-meeting-rest-of-latam-trails-markets.md) | +1.5% | +2.0% |
| USDBRL | 2021-09-27 | [Brazil's real outperforms Latam peers - Markets - Business Recorder](https://feedsoft.ai/events/45286-brazil-s-real-outperforms-latam-peers-markets-business-recorder.md) | +0.5% | +4.9% |
| USDBRL | 2021-03-19 | [Latam FX firm; Pemex move puts Mexico's credit rating in focus - Markets - Business Recorder](https://feedsoft.ai/events/48328-latam-fx-firm-pemex-move-puts-mexico-s-credit-rating-in-focus-markets-business.md) | +1.8% | +1.3% |
| USDBRL | 2021-08-23 | [Rebound in commodity prices, weaker dollar lift Latam currencies - Markets - Business Recorder](https://feedsoft.ai/events/45760-rebound-in-commodity-prices-weaker-dollar-lift-latam-currencies-markets.md) | -3.8% | -1.3% |
| USDBRL | 2021-06-22 | [Brazil's real bucks Latam gloom on hawkish central bank minutes - Markets - Business Recorder](https://feedsoft.ai/events/46795-brazil-s-real-bucks-latam-gloom-on-hawkish-central-bank-minutes-markets.md) | -1.7% | +3.7% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40116196

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