# Latam FX weakens, Brazil's real comes off one-month high | Financial Post

> Latin American currencies weakened after record daily COVID-19 increases in Brazil and Argentina, with the Brazilian real slipping 0.9% against the dollar and retreating from one-month highs. Mexican and Colombian currencies fell as crude prices slipped on concerns about rising U.S. oil inventories.

- Date: 2020-07-23 · published 2020-07-23T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/52312-latam-fx-weakens-brazil-s-real-comes-off-one-month-high-financial-post
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A weaker real makes Brazilian soybeans, corn and meal cheaper for export buyers, which can pressure dollar-denominated feed prices. Oil-linked currency moves reflect broader energy weakness that also touches biofuel feedstock economics.

## Read by commodity

- WTI: bearish ▼
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-01-29 | [Brazil's real lags Latam FX on a barrage of weak data \| Financial Post](https://feedsoft.ai/events/49383-brazil-s-real-lags-latam-fx-on-a-barrage-of-weak-data-financial-post.md) | +0.5% | +3.2% |
| USDBRL | 2021-05-12 | [Colombian peso falls on protests, Brazil real leads Latam FX declines \| Financial Post](https://feedsoft.ai/events/47400-colombian-peso-falls-on-protests-brazil-real-leads-latam-fx-declines-financial.md) | +0.5% | -2.8% |
| USDBRL | 2023-05-31 | [Brazil's real leads fall in Latam FX, Chile's peso down as copper output drops \| Financial Post](https://feedsoft.ai/events/36145-brazil-s-real-leads-fall-in-latam-fx-chile-s-peso-down-as-copper-output-drops.md) | -3.0% | -4.3% |
| USDBRL | 2023-01-02 | [Brazilian real, stocks kick off 2023 on a lower note \| Financial Post](https://feedsoft.ai/events/37981-brazilian-real-stocks-kick-off-2023-on-a-lower-note-financial-post.md) | -0.4% | -3.6% |
| 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% |
| WTI | 2020-07-28 | [Colombian peso hits lowest in a month on weak oil price \| Financial Post](https://feedsoft.ai/events/52400-colombian-peso-hits-lowest-in-a-month-on-weak-oil-price-financial-post.md) | -1.5% | +2.4% |
| WTI | 2020-10-29 | [Latam FX fails to shake off virus, election worries \| Financial Post](https://feedsoft.ai/events/50920-latam-fx-fails-to-shake-off-virus-election-worries-financial-post.md) | +4.6% | +22.3% |
| WTI | 2020-06-12 | [Mexico's peso up strongly after brutal selloff; Brazil's real down \| Financial Post](https://feedsoft.ai/events/52838-mexico-s-peso-up-strongly-after-brutal-selloff-brazil-s-real-down-financial-post.md) | +6.6% | +11.4% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/latam-fx-weakens-brazils-real-comes-off-one-month-high

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