# Latam FX hits pause as dollar gains favor

> 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.

- Date: 2019-10-24 · published 2019-10-24T12:00:00.000Z
- Category: market · region Latam · magnitude low
- Page: https://feedsoft.ai/events/56775-latam-fx-hits-pause-as-dollar-gains-favor
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

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.

## Read by commodity

- USDBRL: bullish ▲
- USDMXN: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/emerging-markets-latam-idCNL2N2791AC/

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