Loading…
Most Latin American currencies rose on Wednesday as the dollar weakened and optimism grew over vaccine developments. Brazil's stock index hit a record intraday high, and the UK approved the AstraZeneca/Oxford COVID-19 vaccine, which Brazil has contracted.
Mexico's peso dropped 0.2% as coronavirus deaths rose and lockdowns returned.
Broad dollar weakness and a firmer Brazilian real can ease import costs for Latin American feed buyers, but the effect on grain and meal prices is indirect and limited.
brecorder.comReutersDec 30, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
