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Latin American currencies were little changed on Thursday as conflicting signals on the US-China trade talks and a diplomatic row over US legislation on Hong Kong kept investors away from riskier assets. The Brazilian real traded flat, while the Peruvian sol and Colombian peso firmed about 0.2% against a slightly weaker dollar.
The Mexican peso outperformed regional peers, helped by higher oil prices.
Trade uncertainty that could stretch into 2020 weighs on emerging-market currencies and risk appetite, which affects the cost of imported feed inputs for Latin American buyers. The moves were small, so the near-term price effect on feed ingredients is limited.
finance.yahoo.comSagarika Jaisinghani, Agamoni GhoshNov 21, 2019After 92 past neutral macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +0.4% over 20.
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.
