# Latam FX fall on virus worries; Brazil's real down 1% | Financial Post

> Latin American currencies weakened against the dollar on Thursday, with Brazil's real and Chile's peso each falling as much as 1%. Brazil's manufacturing PMI hit four-month highs in June, while Chile's economic activity rose 18.1% in May. Political pressure on President Bolsonaro over pandemic handling and a suspended vaccine procurement deal also weighed on sentiment.

- Date: 2021-07-01 · published 2021-07-01T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/46264-latam-fx-fall-on-virus-worries-brazil-s-real-down-1-financial-post
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Currency weakness in Brazil can make its soybean, corn and meal exports cheaper in dollar terms, which can pressure world prices, though the effect here is small and driven mainly by sentiment.

## Read by commodity

- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2020-09-04 | [Brazil's real slips against firmer dollar, Wall St slide hits Latam stocks \| Financial Post](https://feedsoft.ai/events/51311-brazil-s-real-slips-against-firmer-dollar-wall-st-slide-hits-latam-stocks.md) | -0.1% | +7.1% |
| USDBRL | 2020-05-07 | [Latam FX on fragile footing after coronavirus shock, downside risks linger \| Financial Post](https://feedsoft.ai/events/53338-latam-fx-on-fragile-footing-after-coronavirus-shock-downside-risks-linger.md) | +4.2% | -10.3% |
| USDBRL | 2020-06-12 | [Mexico's peso up strongly after brutal selloff; Brazil's real down \| Financial Post](https://feedsoft.ai/events/52838-mexico-s-peso-up-strongly-after-brutal-selloff-brazil-s-real-down-financial-post.md) | +7.6% | +7.2% |
| USDBRL | 2021-03-30 | [Brazil's real steady after ministerial reshuffle, jobs data \| Financial Post](https://feedsoft.ai/events/48305-brazil-s-real-steady-after-ministerial-reshuffle-jobs-data-financial-post.md) | -2.1% | -5.7% |
| USDBRL | 2022-01-27 | [Strong dollar hits Latam FX, Russian assets rise \| Financial Post](https://feedsoft.ai/events/43348-strong-dollar-hits-latam-fx-russian-assets-rise-financial-post.md) | -2.9% | -5.7% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/latam-fx-fall-on-virus-worries-brazils-real-down-1

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