# Latam risk assets gain on vaccine-led recovery bets - Markets - Business Recorder

> 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.

- Date: 2020-12-30 · published 2020-12-30T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/49941-latam-risk-assets-gain-on-vaccine-led-recovery-bets-markets-business-recorder
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

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.

## Sources

- brecorder.com: https://www.brecorder.com/news/40045919

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