# EMERGING MARKETS-Mexican peso leads losses as high bond yields ravage Latam assets

> The Mexican peso fell as much as 3.3% on Feb 25, its worst day in five months, leading Latin American currencies lower as rising bond yields and inflation expectations hit risk assets. Investors also reacted to a Mexican congressional bill increasing state control of the electricity market and to power disruptions from the Texas freeze.

- Date: 2021-02-25 · published 2021-02-25T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/48859-emerging-markets-mexican-peso-leads-losses-as-high-bond-yields-ravage-latam
- 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

Weaker Latam currencies, especially the peso and real, make Latin American exporters' dollar-priced grain and oilseed sales cheaper in local terms, which can support export selling but also raises import costs for feed buyers in the region.

## Read by commodity

- USDBRL: bullish ▲
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-09-28 | [Slowing growth worries hammer Latam assets, Mexico's peso slumps 1% - Markets - Business Recorder](https://feedsoft.ai/events/45285-slowing-growth-worries-hammer-latam-assets-mexico-s-peso-slumps-1-markets.md) | +1.4% | +4.2% |
| USDBRL | 2026-08-28 | [Emerging Markets-Latam markets slip as Warsh remarks lift Fed hike bets - ILF News \| Rallies](https://feedsoft.ai/events/18165-emerging-markets-latam-markets-slip-as-warsh-remarks-lift-fed-hike-bets-ilf.md) | -1.2% | +0.4% |
| USDBRL | 2022-12-27 | [EMERGING MARKETS-Brazilian real leads Latin American FX down in thin holiday trading](https://feedsoft.ai/events/38431-emerging-markets-brazilian-real-leads-latin-american-fx-down-in-thin-holiday.md) | +5.6% | -0.9% |
| USDBRL | 2021-03-22 | [Turkey shock waves hit Latam markets, Mexican peso slides 1pc - Markets - Business Recorder](https://feedsoft.ai/events/48326-turkey-shock-waves-hit-latam-markets-mexican-peso-slides-1pc-markets-business.md) | +4.4% | +2.5% |
| USDBRL | 2023-01-19 | [Mexican peso leads LatAm FX lower as recession fears grow - Financial Post](https://feedsoft.ai/events/37997-mexican-peso-leads-latam-fx-lower-as-recession-fears-grow-financial-post.md) | -0.8% | +1.7% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/emerging-markets-mexican-peso-leads-193319213.html

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