# Latam FX cheers weak U.S. data; Mexican central bank awaited | Financial Post

> Latin American currencies rallied on June 24 after weak U.S. labor data eased concerns about near-term Federal Reserve tightening. The Mexican peso rose about 0.7% ahead of a central bank decision expected to hold rates, while Brazil's real gained 0.6% and Chile's peso rose 1%.

- Date: 2021-06-24 · published 2021-06-24T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/46802-latam-fx-cheers-weak-u-s-data-mexican-central-bank-awaited-financial-post
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Weaker U.S. data softens the dollar, which supports Latin American currencies and can make dollar-priced commodity imports cheaper for regional buyers, though the effect on grain prices is modest.

## Read by commodity

- DXY: bearish ▼
- USDBRL: bearish ▼
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-04-11 | [Latam FX at 5-year high as dollar dips ahead of U.S. inflation data \| Financial Post](https://feedsoft.ai/events/36626-latam-fx-at-5-year-high-as-dollar-dips-ahead-of-u-s-inflation-data-financial.md) | -0.4% | -1.0% |
| DXY | 2021-06-01 | [Dollar steadies, yuan slips after central bank moves to limit gains \| Financial Post](https://feedsoft.ai/events/46819-dollar-steadies-yuan-slips-after-central-bank-moves-to-limit-gains-financial.md) | -0.2% | +1.1% |
| DXY | 2020-09-30 | [Dollar wobbles as markets await U.S. presidential debate \| Financial Post](https://feedsoft.ai/events/51341-dollar-wobbles-as-markets-await-u-s-presidential-debate-financial-post.md) | -1.1% | -1.5% |
| DXY | 2021-03-18 | [China's yuan hits 1-week high, but rally slows as Sino-U.S. meet looms \| Financial Post](https://feedsoft.ai/events/48338-china-s-yuan-hits-1-week-high-but-rally-slows-as-sino-u-s-meet-looms-financial.md) | +0.4% | -0.3% |
| DXY | 2023-04-20 | [Latam FX higher against soft dollar, Brazil real snaps 3-day losing streak \| Financial Post](https://feedsoft.ai/events/36623-latam-fx-higher-against-soft-dollar-brazil-real-snaps-3-day-losing-streak.md) | +0.0% | +0.3% |
| USDBRL | 2020-12-03 | [Latam FX cheers Brazil GDP; Colombian, Mexican pesos at 9-mth highs \| Financial Post](https://feedsoft.ai/events/49881-latam-fx-cheers-brazil-gdp-colombian-mexican-pesos-at-9-mth-highs-financial-post.md) | -1.7% | +0.2% |
| USDBRL | 2023-04-11 | [Latam FX at 5-year high as dollar dips ahead of U.S. inflation data \| Financial Post](https://feedsoft.ai/events/36626-latam-fx-at-5-year-high-as-dollar-dips-ahead-of-u-s-inflation-data-financial.md) | -2.7% | -1.8% |
| USDBRL | 2021-10-19 | [Brazil central bank intervenes in FX market rattled by new spending \| Financial Post](https://feedsoft.ai/events/44783-brazil-central-bank-intervenes-in-fx-market-rattled-by-new-spending-financial.md) | +1.4% | -0.4% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/latam-fx-cheers-weak-u-s-data-mexican-central-bank-awaited

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