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Most Latin American currencies edged lower as the dollar gained on uncertainty from the U.S.-China trade war and a weak German growth reading weighed on the euro. Mexico's peso fell 0.1%, Colombia's currency declined 0.6% on lower oil prices, and Chile's peso slid 0.4% as copper fell.
Analysts expected further pressure in October from trade talks and tight dollar liquidity.
A firmer dollar and weaker Latin American currencies can make US feed grain and meal more expensive for regional importers, which may dampen demand at the margin. The effect on feed prices is indirect and limited.
reuters.comSusan MathewSep 30, 2019Not 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.
