# Latam currencies come off record lows, stocks rally | Financial Post

> Latin American currencies recovered from record lows on March 20, 2020, with Brazil's real and Chile's peso rising more than 1%. The gains followed the Federal Reserve's opening of dollar swap lines with nine central banks, worth up to $450 billion, and central bank liquidity measures.

- Date: 2020-03-20 · published 2020-03-20T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/7019-latam-currencies-come-off-record-lows-stocks-rally-financial-post
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Easing currency stress in Brazil and Mexico could support local demand and export capacity for feed grains and meals, but the rally remains fragile and the dollar could rebound if funding strains return. Currency swings feed directly into Brazilian soybean and meal export pricing.

## Read by commodity

- SBM: neutral
- USDBRL: bearish ▼
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2022-05-19 | [Brazilian real leads Latam currencies higher on China lockdown easing \| Financial Post](https://feedsoft.ai/events/41606-brazilian-real-leads-latam-currencies-higher-on-china-lockdown-easing-financial.md) | -2.5% | +1.6% |
| USDBRL | 2024-08-15 | [Latam stocks rise as US growth worries ease; currencies gain - Finance Funds Update](https://feedsoft.ai/events/29084-latam-stocks-rise-as-us-growth-worries-ease-currencies-gain-finance-funds-update.md) | +0.3% | +3.5% |
| USDBRL | 2022-09-12 | [Latam currencies rally as dollar weakens ahead of U.S. inflation data](https://feedsoft.ai/events/39788-latam-currencies-rally-as-dollar-weakens-ahead-of-u-s-inflation-data.md) | +2.6% | +1.2% |
| USDBRL | 2022-06-29 | [Fed rate hike bets hit Latam assets; Brazil's real jumps \| Financial Post](https://feedsoft.ai/events/41148-fed-rate-hike-bets-hit-latam-assets-brazil-s-real-jumps-financial-post.md) | +3.9% | +0.8% |
| USDBRL | 2021-05-27 | [Brazilian real leads gains among Latam FX \| Financial Post](https://feedsoft.ai/events/47313-brazilian-real-leads-gains-among-latam-fx-financial-post.md) | -4.3% | -7.3% |
| SBM | 2020-12-10 | [Brazil's real jumps after central bank hints at end of easing cycle \| Financial Post](https://feedsoft.ai/events/49851-brazil-s-real-jumps-after-central-bank-hints-at-end-of-easing-cycle-financial.md) | +2.6% | +15.1% |
| SBM | 2023-04-27 | [Argentina seeks to tame inflation, peso with biggest rate hike since 2019 \| Financial Post](https://feedsoft.ai/events/36673-argentina-seeks-to-tame-inflation-peso-with-biggest-rate-hike-since-2019.md) | -0.7% | -6.2% |
| SBM | 2022-12-07 | [Brazilian real up on fiscal relief; Peru's sol falls amid political turmoil \| Financial Post](https://feedsoft.ai/events/38510-brazilian-real-up-on-fiscal-relief-peru-s-sol-falls-amid-political-turmoil.md) | +0.8% | +8.3% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/latam-currencies-come-off-record-lows-stocks-rally

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