# LatAm credits exercise patience amid currencies sell-off - LatinFinance

> Latin American credit issuers are holding off on new bond sales after a stronger US dollar triggered an emerging-market currency sell-off. Argentina raised its benchmark rate three times in about a week to 40%, and some issuers extended tender offers instead of issuing.

- Date: 2018-05-08 · published 2018-05-08T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/65288-latam-credits-exercise-patience-amid-currencies-sell-off-latinfinance
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A stronger dollar and EM currency stress raise borrowing costs across the region, which can weaken local currencies like the BRL and ARS and affect feed-importing economies' purchasing power.

## Read by commodity

- DXY: bullish ▲
- USDARS: bullish ▲
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-12-09 | [Strong dollar weighs on Latin American currencies \| Financial Post](https://feedsoft.ai/events/43821-strong-dollar-weighs-on-latin-american-currencies-financial-post.md) | +0.8% | -0.3% |
| DXY | 2016-12-08 | [FX: What Next for Currencies in Trump Sell-Off?](https://feedsoft.ai/events/73686-fx-what-next-for-currencies-in-trump-sell-off.md) | +0.1% | +1.4% |
| DXY | 2024-04-12 | [Latam currencies set for worst week in 6 months as dollar soars - Finance Funds Update](https://feedsoft.ai/events/31048-latam-currencies-set-for-worst-week-in-6-months-as-dollar-soars-finance-funds.md) | +1.1% | +0.5% |
| DXY | 2024-04-18 | [Dollar strength weighs on Latam FX; copper prices lift currencies of Peru, Chile - Finance Funds Update](https://feedsoft.ai/events/31046-dollar-strength-weighs-on-latam-fx-copper-prices-lift-currencies-of-peru-chile.md) | -0.1% | -1.4% |
| DXY | 2018-03-01 | [Latam currencies weaker with eyes on Fed; stocks edge up](https://feedsoft.ai/events/66187-latam-currencies-weaker-with-eyes-on-fed-stocks-edge-up.md) | -0.1% | -0.8% |
| USDBRL | 2021-02-03 | [Latam currencies fall on pandemic worries as infections rise](https://feedsoft.ai/events/48850-latam-currencies-fall-on-pandemic-worries-as-infections-rise.md) | +1.0% | +7.2% |
| USDBRL | 2021-12-09 | [Strong dollar weighs on Latin American currencies \| Financial Post](https://feedsoft.ai/events/43821-strong-dollar-weighs-on-latin-american-currencies-financial-post.md) | +3.1% | +1.5% |
| USDBRL | 2018-03-01 | [Latam currencies weaker with eyes on Fed; stocks edge up](https://feedsoft.ai/events/66187-latam-currencies-weaker-with-eyes-on-fed-stocks-edge-up.md) | -0.2% | +2.9% |

## Sources

- latinfinance.com: https://latinfinance.com/web-articles/2018/05/08/latam-credits-exercise-patience-amid-currencies-sell-off/

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