# For Wall Street, Mexico Has Stolen Brazil’s Thunder

> Brazil's real has weakened as foreign investors shift toward dollar and yen funding to buy local bonds, with the benchmark rate at 4.5% and inflation at 4.3%. Mexican assets are now attracting more Wall Street interest.

- Date: 2020-01-20 · published 2020-01-20T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/55287-for-wall-street-mexico-has-stolen-brazil-s-thunder
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Currency and rate moves in Brazil affect the cost of Brazilian export commodities, though this piece focuses on investment flows rather than farm supply.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2016-11-01 | [Brazil, Mexico currencies weaken after strong U.S. data](https://feedsoft.ai/events/11054-brazil-mexico-currencies-weaken-after-strong-u-s-data.md) | +1.0% | +6.9% |
| USDBRL | 2020-04-29 | [Decline in Brazil’s Real Underscores Need for Hedging](https://feedsoft.ai/events/53837-decline-in-brazil-s-real-underscores-need-for-hedging.md) | -0.0% | -5.1% |
| USDBRL | 2024-07-02 | [Understanding the Storm in Brazilian Markets](https://feedsoft.ai/events/9457-understanding-the-storm-in-brazilian-markets.md) | -2.8% | +1.2% |
| USDBRL | 2018-04-24 | [Brazil FX: What’s driving the BRL’s underperformance? - Euromoney](https://feedsoft.ai/events/65703-brazil-fx-what-s-driving-the-brl-s-underperformance-euromoney.md) | +1.1% | +7.6% |
| USDBRL | 2019-04-23 | [Brazil: Economy under pressure? - TDS - Forex Crunch](https://feedsoft.ai/events/59783-brazil-economy-under-pressure-tds-forex-crunch.md) | +0.2% | +4.7% |

## Sources

- forbes.com: https://www.forbes.com/sites/kenrapoza/2020/01/20/for-wall-street-mexico-has-stolen-brazils-thunder/

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