
Latin American currencies traded mixed as the US dollar strengthened after employment data exceeded expectations. US payrolls rose by 165,000 in October and unemployment fell to 4.1%, lifting market-implied odds of a December Federal Reserve rate increase; the Mexican peso nevertheless gained 0.61%.
Stronger US employment and higher rate expectations can support the dollar and weigh on emerging-market currencies. The peso’s gain points to a different near-term move for USD/MXN, while the article reports a broader, mixed regional picture.
Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
After 213 past bearish macro events, Brazilian Real (BRL per USD) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +0.9%), and +0.2% 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.