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The Brazilian real slipped against a firmer dollar after US data showed slower jobs growth in August, while a Wall Street selloff hit Latin American equities. The Mexican peso firmed 0.6% despite having dropped 12% in 2020.
Brazil presented a constitutional reform bill to cut public sector costs.
Currency swings in Brazil and Mexico change the local cost of imported feed ingredients, and a weaker dollar supports Latin American import demand for US feed grains and meals.
financialpost.comReutersSep 4, 2020After 92 past neutral macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +0.4% over 20.
Not 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.
