Loading…
Latin American currencies strengthened on Friday after weaker-than-expected US fourth-quarter GDP growth of 1.9% annualized reduced expectations of rapid Fed rate hikes. The Brazilian real and Mexican peso each rose about 1%, while the Colombian peso gained less due to lower oil prices.
A firmer real reduces the competitiveness of Brazilian grain and oilseed exports, a mildly bearish factor for global soy and corn prices. Weaker US rate expectations also tend to support commodity prices broadly.
eluniversal.com.mxRedacción El UniversalJan 27, 2017After 213 past bearish macro events, USDBRL moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +0.9%), and +0.2% over 20.
Not 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.
