# Emerging market currencies due a bounce after crazy August: Reuters poll

> A Reuters poll of analysts expects emerging-market currencies to recover after heavy selling in August. It forecasts the rand near 14.00 per dollar, the Brazilian real at 3.79 and the Argentine peso at 34.135 within a year. The Argentine peso is the most heavily sold of the group.

- Date: 2018-09-06 · published 2018-09-06T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/63262-emerging-market-currencies-due-a-bounce-after-crazy-august-reuters-poll
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

If these currencies firm against the dollar, the cost of dollar-priced feed ingredients falls for buyers in Brazil, South Africa and Argentina, which can support their demand. The forecasts are only expectations and do not, on their own, move prices.

## Read by commodity

- USDARS: bearish ▼
- USDBRL: bearish ▼
- USDZAR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| 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 | 2023-03-20 | [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 | 2018-11-28 | [Most LatAm currencies rise after Monday dive \| Onestopbrokers – Forex, Law, Accounting & Market News](https://feedsoft.ai/events/62253-most-latam-currencies-rise-after-monday-dive-onestopbrokers-forex-law.md) | -1.4% | -0.5% |
| USDBRL | 2019-01-30 | [In emerging markets, the peso is the best-positioned currency - The Mazatlan Post](https://feedsoft.ai/events/61301-in-emerging-markets-the-peso-is-the-best-positioned-currency-the-mazatlan-post.md) | -1.3% | +0.5% |

## Sources

- reuters.com: https://www.reuters.com/article/business/emerging-market-currencies-due-a-bounce-after-crazy-august-reuters-poll-idUSKCN1LM1T7/

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