# Latam FX weakens on virus worries, Chilean central bank meeting in focus - Markets - Business Recorder

> 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%.

- Date: 2020-07-13 · published 2020-07-13T12:00:00.000Z
- Category: market · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/52402-latam-fx-weakens-on-virus-worries-chilean-central-bank-meeting-in-focus-markets
- 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 and meal cheaper for export buyers, while lower crude pressures biofuel-linked demand for vegetable oils.

## Read by commodity

- WTI: bearish ▼
- USDBRL: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40004736

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