# Latam FX, stocks rally as dollar dogged by election jitters

> Brazilian stocks and the real rose on November 3 after a better-than-expected manufacturing survey showed record October activity. Other Latin American currencies also recovered as the dollar weakened ahead of the US presidential election.

- Date: 2020-11-03 · published 2020-11-03T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/50344-latam-fx-stocks-rally-as-dollar-dogged-by-election-jitters
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A firmer real and a weaker dollar move Brazilian export pricing, which affects global soybean and corn trade flows. The move is modest and mainly reflects currency and macro sentiment rather than a grain supply change.

## Read by commodity

- DXY: bearish ▼
- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-01-27 | [Stocks, dollar gain on allure of Fed soft landing \| Reuters](https://feedsoft.ai/events/37972-stocks-dollar-gain-on-allure-of-fed-soft-landing-reuters.md) | -0.6% | +2.1% |
| DXY | 2023-02-01 | [Stocks rally, dollar slumps after Fed statement, Powell remarks \| Reuters](https://feedsoft.ai/events/37526-stocks-rally-dollar-slumps-after-fed-statement-powell-remarks-reuters.md) | +1.1% | +1.4% |
| DXY | 2022-09-12 | [Latam currencies rally as dollar weakens ahead of U.S. inflation data](https://feedsoft.ai/events/39788-latam-currencies-rally-as-dollar-weakens-ahead-of-u-s-inflation-data.md) | +0.9% | +2.8% |
| DXY | 2020-09-30 | [Latam FX rise as dollar steadies; Mexican peso shines](https://feedsoft.ai/events/51308-latam-fx-rise-as-dollar-steadies-mexican-peso-shines.md) | -1.1% | -1.5% |
| DXY | 2024-11-25 | [Dollar eases as Treasuries rally on Bessent Treasury nomination \| Reuters](https://feedsoft.ai/events/27608-dollar-eases-as-treasuries-rally-on-bessent-treasury-nomination-reuters.md) | -0.3% | +0.7% |
| USDBRL | 2022-09-12 | [Latam currencies rally as dollar weakens ahead of U.S. inflation data](https://feedsoft.ai/events/39788-latam-currencies-rally-as-dollar-weakens-ahead-of-u-s-inflation-data.md) | +2.6% | +1.2% |
| USDBRL | 2020-09-30 | [Latam FX rise as dollar steadies; Mexican peso shines](https://feedsoft.ai/events/51308-latam-fx-rise-as-dollar-steadies-mexican-peso-shines.md) | -2.3% | +1.3% |
| USDBRL | 2018-12-04 | [Brazil stocks gain; real firms as U.S. dollar weakens](https://feedsoft.ai/events/61764-brazil-stocks-gain-real-firms-as-u-s-dollar-weakens.md) | +2.1% | -3.1% |

## Sources

- reuters.com: https://www.reuters.com/article/emerging-markets-latam/emerging-markets-latam-fx-stocks-rally-as-dollar-dogged-by-election-jitters-idINL1N2HP19V/

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