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Latin American currencies rebounded from record lows on March 13, 2020, helped by expectations of more central bank stimulus and government spending. Regional stocks still suffered their worst week since the financial crisis, and the real gave back earlier gains to trade 0.6% lower.
The currency rebound is only partial and the real remains weak, so Brazilian export prices in dollar terms stay competitive. The move has limited direct effect on grain prices.
financialpost.comReutersMar 13, 2020Not 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.
