# Latam Weekly: Connect the Dots, Mind the Gaps | Post

> Scotiabank's weekly Latin America note says faster growth and higher inflation prompted forecast upgrades for Mexico and Peru, though higher base effects lead to modest downward revisions for 2022. It flags that a hawkish Fed dot plot creates a more challenging global financial backdrop for Latin American central banks.

- Date: 2021-06-18 · published 2021-06-18T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/46869-latam-weekly-connect-the-dots-mind-the-gaps-post
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Tighter global financial conditions and rising regional rates can pressure Latin American currencies, affecting the cost of imported feed inputs and the purchasing power of regional feed buyers.

## Read by commodity

- USDBRL: bearish ▼
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-02-13 | [Latam Charts: FX in a Long-Term Macro Lens \| Post](https://feedsoft.ai/events/48919-latam-charts-fx-in-a-long-term-macro-lens-post.md) | +2.0% | +5.3% |
| USDBRL | 2021-10-15 | [Peru's sol star Latam performer this week, Chile's peso drops - Markets - Business Recorder](https://feedsoft.ai/events/44842-peru-s-sol-star-latam-performer-this-week-chile-s-peso-drops-markets-business.md) | +2.6% | -1.3% |
| USDBRL | 2021-07-23 | [Brazil's real gains on rate-hike bets, but loses for the week \| Financial Post](https://feedsoft.ai/events/46261-brazil-s-real-gains-on-rate-hike-bets-but-loses-for-the-week-financial-post.md) | -3.0% | +3.8% |
| USDBRL | 2021-06-24 | [Latam FX cheers weak U.S. data; Mexican central bank awaited \| Financial Post](https://feedsoft.ai/events/46802-latam-fx-cheers-weak-u-s-data-mexican-central-bank-awaited-financial-post.md) | +1.1% | +5.2% |
| USDBRL | 2021-05-27 | [Brazilian real leads gains among Latam FX \| Financial Post](https://feedsoft.ai/events/47313-brazilian-real-leads-gains-among-latam-fx-financial-post.md) | -4.3% | -7.3% |

## Sources

- scotiabank.com: https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.other-publications.latam-weekly.latam-weekly--connect-the-dots--mind-the-gaps--june-18--2021-.html

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