Latam FX cheers weak U.S. data; Mexican central bank awaited

After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

• Apr 11, 2023Latam FX at 5-year high as dollar dips ahead of U.S. inflation data | Financial Post-0.4%
• Jun 1, 2021Dollar steadies, yuan slips after central bank moves to limit gains | Financial Post-0.2%
• Sep 30, 2020Dollar wobbles as markets await U.S. presidential debate | Financial Post-1.1%
• Mar 18, 2021China's yuan hits 1-week high, but rally slows as Sino-U.S. meet looms | Financial Post+0.4%
• Apr 20, 2023Latam FX higher against soft dollar, Brazil real snaps 3-day losing streak | Financial Post+0.0%

After 213 past bearish macro events, Brazilian Real (BRL per USD) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +0.9%), and +0.2% over 20.

• Dec 3, 2020Latam FX cheers Brazil GDP; Colombian, Mexican pesos at 9-mth highs | Financial Post-1.7%
• Apr 11, 2023Latam FX at 5-year high as dollar dips ahead of U.S. inflation data | Financial Post-2.7%
• Oct 19, 2021Brazil central bank intervenes in FX market rattled by new spending | Financial Post+1.4%
• May 27, 2021Brazil real up; Most Latam FX pressured by rising U.S. bond yields | Financial Post-4.3%
• May 27, 2021Brazilian real leads gains among Latam FX | Financial Post-4.3%

Not enough comparable past events yet for a historical read.