# Emerging Markets:  What Changed - Marc to Market  Marc Chandler on Global FX and Capital Markets

> Emerging-market weekly roundup: Malaysia's central bank hiked rates for the first time in four years and Pakistan unexpectedly hiked, while Argentina cut 75 bp for a second straight time. Korea asked state banks and companies to limit global bond issuance, and a Brazilian appeals court upheld Lula's graft sentence. Brazil, Turkey and Colombia led MSCI EM equity gains while ZAR, BRL and MYR led EM currencies versus the dollar.

- Date: 2018-01-26 · published 2018-01-26T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/67178-emerging-markets-what-changed-marc-to-market-marc-chandler-on-global-fx-and
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Rate moves and currency strength in Brazil, South Africa and Malaysia shift the cost of imported feed inputs and the purchasing power of buyers in those markets. A firmer real or rand tends to modestly support local feed-import demand for soymeal and corn.

## Read by commodity

- USDBRL: bearish ▼
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2018-10-09 | [IMF cuts world economic growth forecasts on tariff war, emerging market strains](https://feedsoft.ai/events/7668-imf-cuts-world-economic-growth-forecasts-on-tariff-war-emerging-market-strains.md) | -4.1% | -4.3% |
| USDBRL | 2017-11-06 | [U.S. Dollar Slides Against Emerging Markets on Low Yields - WSJ](https://feedsoft.ai/events/68183-u-s-dollar-slides-against-emerging-markets-on-low-yields-wsj.md) | -0.4% | -2.2% |
| USDBRL | 2017-04-17 | [EMERGING MARKETS-Brazil real jumps on central bank intervention](https://feedsoft.ai/events/71706-emerging-markets-brazil-real-jumps-on-central-bank-intervention.md) | +0.1% | -0.8% |
| 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 | 2023-02-02 | [EMERGING MARKETS-Latam FX come off multi-year highs as dollar firms \| Kitco News](https://feedsoft.ai/events/37616-emerging-markets-latam-fx-come-off-multi-year-highs-as-dollar-firms-kitco-news.md) | +2.8% | +2.5% |

## Sources

- marctomarket.com: https://www.marctomarket.com/2018/01/emerging-markets-what-changed_26.html

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