
Latin American currencies opened November with mixed results, with the Chilean peso leading gains and the Paraguayan guarani posting the largest decline, about 3.15% against the dollar this month. Analysts cited hopes for a US-Iran diplomatic deal, the oil price slump with WTI below $100 on Monday, and uncertainty over US interest rates.
Lower crude prices ease costs for oil-importing economies such as Chile, which can support local currencies and feed import budgets. Falling oil also reduces the energy-driven pressure on grain and oilseed prices.
After 565 past bearish macro events, WTI moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
After 92 past neutral macro events, USDBRL moved a median +0.4% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +0.4% over 20.
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.