# Chilean, Colombian pesos rise; Brazil's real at near 1-mth low

> Chilean and Colombian currencies outpaced Latin American peers on Monday, tracking higher copper and oil prices after U.S. President Trump signed a coronavirus relief package. Brazil's real sank as much as 1.8% to a near one-month low, prompting central bank intervention to stabilize it ahead of expected year-end position unwinding.

- Date: 2020-12-28 · published 2020-12-28T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/49939-chilean-colombian-pesos-rise-brazil-s-real-at-near-1-mth-low
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Intervention to defend the real and a weaker BRL raise the dollar cost of Brazilian feed ingredients such as soybeans and meal, which can support export-parity prices for Brazilian supply.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2022-06-07 | [Brazilian real hits 2-week low, Chilean peso slips before rate move \| Financial Post](https://feedsoft.ai/events/41152-brazilian-real-hits-2-week-low-chilean-peso-slips-before-rate-move-financial.md) | +6.3% | +13.7% |
| USDBRL | 2021-05-12 | [Colombian peso falls on protests, Brazil real leads Latam FX declines \| Financial Post](https://feedsoft.ai/events/47400-colombian-peso-falls-on-protests-brazil-real-leads-latam-fx-declines-financial.md) | +0.5% | -2.8% |
| USDBRL | 2024-10-23 | [Market braces for pressure on Brazilian real as Trump’s chances rise](https://feedsoft.ai/events/28085-market-braces-for-pressure-on-brazilian-real-as-trump-s-chances-rise.md) | +0.6% | +1.4% |
| USDBRL | 2020-09-30 | [Mexican peso shines, Brazil's real flat amid fiscal worries](https://feedsoft.ai/events/51323-mexican-peso-shines-brazil-s-real-flat-amid-fiscal-worries.md) | -2.3% | +1.3% |
| USDBRL | 2023-05-02 | [EMERGING MARKETS-Brazil's real leads Latam FX down, stocks near one-month low \| Kitco News](https://feedsoft.ai/events/36149-emerging-markets-brazil-and-apos-s-real-leads-latam-fx-down-stocks-near-one.md) | +0.1% | +1.5% |

## Sources

- reuters.com: https://www.reuters.com/article/emerging-markets-latam-idUSL1N2J813E/

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