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Most Latin American currencies weakened on Monday as global coronavirus infections passed 13 million, with the disease accelerating fastest in Latin America. Brazil's real fell 0.6% and oil-linked currencies including the Mexican and Colombian pesos tracked lower oil prices.
Chile's central bank was expected to hold its benchmark rate at 0.5%.
A weaker real makes Brazilian soybeans and meal cheaper for export buyers, while lower crude pressures biofuel-linked demand for vegetable oils.
brecorder.comReutersJul 13, 2020Not enough comparable past events yet for a historical read.
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.
