# Expectation of US-Iran Dialogue Boosts Emerging Market Currencies

> Most emerging market currencies rose on Monday after Iran's supreme leader authorized the government to hold peace talks, easing concerns about the Middle East conflict. Chile, Hungary and South Africa were among the strongest gainers, and the Mexican peso posted its biggest rise since April. Brent crude fell about 11% to near $104 a barrel, while Asian currencies retreated.

- Date: 2026-11-03 · published 2026-11-03T00:23:34.170Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/76728-expectation-of-us-iran-dialogue-boosts-emerging-market-currencies
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower crude prices reduce energy and fertilizer cost pressure on feed producers and ease the risk premium on energy-linked inputs. A stronger peso and other emerging currencies can also affect the cost of imported feed ingredients for buyers in those markets.

## Read by commodity

- DXY: bearish ▼
- WTI: bearish ▼
- BRENT: bearish ▼
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-09-21 | [Oil prices down 4% on expectations for return of Libyan crude production, global stock-market selloff - MarketWatch](https://feedsoft.ai/events/6766-oil-prices-down-4-on-expectations-for-return-of-libyan-crude-production-global.md) | -2.9% | -1.2% |
| BRENT | 2026-04-08 | [USD: Dollar Falls as US-Iran Ceasefire Reduces Demand for Haven Currencies - Bloomberg](https://feedsoft.ai/events/11157-usd-dollar-falls-as-us-iran-ceasefire-reduces-demand-for-haven-currencies.md) | -13.7% | -8.7% |
| BRENT | 2026-07-01 | [Rupiah rises after US-Iran deal, market now focuses on domestic fiscal](https://feedsoft.ai/events/19107-rupiah-rises-after-us-iran-deal-market-now-focuses-on-domestic-fiscal.md) | +1.1% | +42.2% |
| BRENT | 2026-06-16 | [Corn, Wheat And Soy All See Prices Drop On Prospect Of US-Iran Deal \| ESM Magazine](https://feedsoft.ai/events/18835-corn-wheat-and-soy-all-see-prices-drop-on-prospect-of-us-iran-deal-esm-magazine.md) | -7.8% | -1.6% |
| BRENT | 2026-02-01 | [Oil settles down over 4% on US-Iran de-escalation, easing supply worries \| Reuters](https://feedsoft.ai/events/8794-oil-settles-down-over-4-on-us-iran-de-escalation-easing-supply-worries-reuters.md) | -3.1% | +0.6% |
| WTI | 2018-11-03 | [Why oil prices are plunging despite U.S. sanctions on Iran’s energy sector - MarketWatch](https://feedsoft.ai/events/9155-why-oil-prices-are-plunging-despite-u-s-sanctions-on-iran-s-energy-sector.md) | -4.7% | -16.1% |
| WTI | 2020-09-21 | [Oil prices down 4% on expectations for return of Libyan crude production, global stock-market selloff - MarketWatch](https://feedsoft.ai/events/6766-oil-prices-down-4-on-expectations-for-return-of-libyan-crude-production-global.md) | -2.4% | -0.8% |
| WTI | 2026-04-08 | [USD: Dollar Falls as US-Iran Ceasefire Reduces Demand for Haven Currencies - Bloomberg](https://feedsoft.ai/events/11157-usd-dollar-falls-as-us-iran-ceasefire-reduces-demand-for-haven-currencies.md) | -18.9% | -8.3% |

## Sources

- bloomberglinea.com: https://www.bloomberglinea.com/mercados/la-expectativa-de-dialogo-entre-eeuu-e-iran-impulsa-las-monedas-de-mercados-emergentes/

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