# LatAm currencies likely to diverge - BNamericas

> Nomura expects Mexican peso to rally short term after NAFTA talks, Colombian peso to outperform, and Chilean peso to do well. Brazil, Peru and Argentina currencies are expected to underperform due to political and fiscal uncertainty.

- Date: 2018-04-10 · published 2018-04-10T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/65784-latam-currencies-likely-to-diverge-bnamericas
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Divergent LatAm currencies affect the cost of imported feed ingredients and the competitiveness of Brazilian and Argentine soy and corn exports; a weaker BRL tends to support Brazilian soybean and meal export flows.

## Read by commodity

- USDBRL: bullish ▲
- USDCOP: bearish ▼
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2024-10-30 | [Latin American Currencies Dip As Mexican Peso Hits Two-Year Low - Finimize](https://feedsoft.ai/events/28093-latin-american-currencies-dip-as-mexican-peso-hits-two-year-low-finimize.md) | +0.8% | +2.6% |
| 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% |
| 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 | 2022-07-29 | [The strengthening of the U.S. dollar against the Latin American currencies - Latinoamérica 21](https://feedsoft.ai/events/40785-the-strengthening-of-the-u-s-dollar-against-the-latin-american-currencies.md) | +0.0% | -1.9% |
| 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% |

## Sources

- bnamericas.com: https://www.bnamericas.com/en/news/latam-currencies-performance-likely-to-diverge

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