# Latam currencies fall on pandemic worries as infections rise

> Latin American currencies slipped as Brazil's real gave up session gains against a steady dollar amid rising COVID-19 cases in the region. Brazilian lawmakers discussed extending pandemic relief payments, and the real remained negative for the year.

- Date: 2021-02-03 · published 2021-02-03T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/48850-latam-currencies-fall-on-pandemic-worries-as-infections-rise
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A softer real on fiscal and pandemic worries can marginally favor Brazilian export competitiveness for soy and corn, but the move is modest and driven by currency sentiment rather than crop supply.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2018-05-08 | [LatAm credits exercise patience amid currencies sell-off - LatinFinance](https://feedsoft.ai/events/65288-latam-credits-exercise-patience-amid-currencies-sell-off-latinfinance.md) | +1.9% | +6.3% |
| USDBRL | 2018-03-01 | [Latam currencies weaker with eyes on Fed; stocks edge up](https://feedsoft.ai/events/66187-latam-currencies-weaker-with-eyes-on-fed-stocks-edge-up.md) | -0.2% | +2.9% |
| USDBRL | 2022-02-09 | [Calmer Treasury yields support Latam FX; Real drops on inflation worries](https://feedsoft.ai/events/42915-calmer-treasury-yields-support-latam-fx-real-drops-on-inflation-worries.md) | -1.7% | -5.3% |
| USDBRL | 2020-10-29 | [Latam FX fails to shake off virus, election worries \| Financial Post](https://feedsoft.ai/events/50920-latam-fx-fails-to-shake-off-virus-election-worries-financial-post.md) | -1.5% | -6.3% |
| USDBRL | 2021-09-14 | [Latam FX falls as U.S. inflation optimism fizzles out \| Financial Post](https://feedsoft.ai/events/45291-latam-fx-falls-as-u-s-inflation-optimism-fizzles-out-financial-post.md) | +2.3% | +6.2% |

## Sources

- reuters.com: https://www.reuters.com/article/emerging-markets-latam-idUSL1N2K92DR/

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