# Mexican peso shines, Brazil's real flat amid fiscal worries

> The Mexican peso rose more than 1% on Wednesday and outperformed Latin American peers, which were pressured by a stronger dollar. Brazil's real traded flat to lower amid fiscal worries as national debt hit a record. Traders also weighed a contentious US presidential debate.

- Date: 2020-09-30 · published 2020-09-30T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/51323-mexican-peso-shines-brazil-s-real-flat-amid-fiscal-worries
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Currency swings in Mexico and Brazil change the local-currency cost of imported feed inputs and affect import parity for grains and meals. The moves are small and mostly reflect general risk sentiment rather than a feed-specific shock.

## Read by commodity

- USDBRL: bullish ▲
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2020-11-11 | [Brazil's real, Mexican peso hit by tepid economic data \| Financial Post](https://feedsoft.ai/events/50377-brazil-s-real-mexican-peso-hit-by-tepid-economic-data-financial-post.md) | -1.2% | -5.9% |
| USDBRL | 2022-12-07 | [Brazilian real up on fiscal relief; Peru's sol falls amid political turmoil \| Financial Post](https://feedsoft.ai/events/38510-brazilian-real-up-on-fiscal-relief-peru-s-sol-falls-amid-political-turmoil.md) | +0.5% | +2.7% |
| USDBRL | 2020-08-20 | [Brazil’s Real Falls as Shock Senate Vote Fuels Fiscal Woes - Bloomberg](https://feedsoft.ai/events/51814-brazil-s-real-falls-as-shock-senate-vote-fuels-fiscal-woes-bloomberg.md) | +1.9% | -4.5% |
| USDBRL | 2021-10-19 | [Brazil's real slumps on fiscal concerns, Petrobras slides](https://feedsoft.ai/events/44780-brazil-s-real-slumps-on-fiscal-concerns-petrobras-slides.md) | +1.4% | -0.4% |
| USDBRL | 2024-12-16 | [Brazil currency hits record low amid ongoing fiscal woes](https://feedsoft.ai/events/27145-brazil-currency-hits-record-low-amid-ongoing-fiscal-woes.md) | +0.3% | -0.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40022591/mexican-peso-shines-brazils-real-flat-amid-fiscal-worries

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