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The Brazilian real and Mexican peso held near recent highs on Thursday as the dollar gained favor. The real traded around 4.04 per dollar after hitting a two-month high of 3.99 earlier in the session.
Sentiment soured on renewed U.S.-China trade concerns and a further Brexit delay.
A firmer dollar against the real makes Brazilian soybean meal and corn exports cheaper for dollar buyers, which can support Brazilian export offers. The move is modest, so the price effect on feed is limited.
reuters.comSruthi ShankarOct 24, 2019Not 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.
