# Most LatAm currencies rise after Monday dive | Onestopbrokers – Forex, Law, Accounting & Market News

> Most Latin American currencies recovered after a heavy loss on Monday, with Brazil's real gaining 1.7% after a six-day losing run. The central bank offered $2 billion in liquidity line auctions, and the Mexican peso rose 0.7%. The Monday sell-off followed doubts over the passage of Jair Bolsonaro's pension reform.

- Date: 2018-11-28 · published 2018-11-28T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/62253-most-latam-currencies-rise-after-monday-dive-onestopbrokers-forex-law
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

The real's rebound eases the cost of dollar-priced imports for Brazilian feed buyers, although the currency remains volatile. Brazil's currency swings feed into the export competitiveness of soy and corn.

## Read by commodity

- USDBRL: bearish ▼
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2023-03-20 | [EMERGING MARKETS-Latam currencies rise against soft dollar \| Kitco News](https://feedsoft.ai/events/37068-emerging-markets-latam-currencies-rise-against-soft-dollar-kitco-news.md) | -0.6% | -6.5% |
| USDBRL | 2018-09-06 | [Emerging market currencies due a bounce after crazy August: Reuters poll](https://feedsoft.ai/events/63262-emerging-market-currencies-due-a-bounce-after-crazy-august-reuters-poll.md) | -0.5% | -6.7% |
| USDBRL | 2023-04-13 | [EMERGING MARKETS-Peru's sol rises before c.bank decision, Latam FX up for third day \| Kitco News](https://feedsoft.ai/events/36696-emerging-markets-peru-and-apos-s-sol-rises-before-c-bank-decision-latam-fx-up.md) | +2.3% | +0.4% |
| USDBRL | 2022-05-26 | [Emerging-markets currencies stay strong despite dollar’s rise](https://feedsoft.ai/events/41608-emerging-markets-currencies-stay-strong-despite-dollar-s-rise.md) | -1.5% | +8.0% |
| USDBRL | 2023-11-08 | [Emerging market currencies to claw back ground in 2024 as dollar fades: Reuters poll](https://feedsoft.ai/events/33378-emerging-market-currencies-to-claw-back-ground-in-2024-as-dollar-fades-reuters.md) | -0.2% | +0.7% |

## Sources

- onestopbrokers.com: https://www.onestopbrokers.com/2018/11/28/latam-currencies-rise-monday-dive/

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