# Latam assets drop on fiscal policy, interest rates caution

> Latin American equities and currencies fell as concerns over fiscal stability and interest rates weighed on markets. The Brazilian real hovered near 5.66 per dollar, its weakest since early 2022, and was the worst performer in the region.

- Date: 2024-07-02 · published 2024-07-02T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/9454-latam-assets-drop-on-fiscal-policy-interest-rates-caution
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Currency weakness in Brazil, the region's largest feed-demand and soybean-export market, raises local import costs and can alter export pricing for soy and corn.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-12-15 | [Latam FX drops on rising U.S. interest rate risk \| Central bank \| NDA News UK](https://feedsoft.ai/events/43877-latam-fx-drops-on-rising-u-s-interest-rate-risk-central-bank-nda-news-uk.md) | +1.3% | -2.8% |
| USDBRL | 2024-07-31 | [Brazil holds interest rates as expected, flags 'greater caution'](https://feedsoft.ai/events/29477-brazil-holds-interest-rates-as-expected-flags-greater-caution.md) | -0.2% | -2.7% |
| USDBRL | 2019-02-19 | [Latam FX weak, Brazil's real drops ahead of pension reform plans - Pension Policy International](https://feedsoft.ai/events/60781-latam-fx-weak-brazil-s-real-drops-ahead-of-pension-reform-plans-pension-policy.md) | +1.4% | +1.5% |
| USDBRL | 2019-06-27 | [Brazilian real falls on economy worries, dollar lifts other Latam forex - Pension Policy International](https://feedsoft.ai/events/58796-brazilian-real-falls-on-economy-worries-dollar-lifts-other-latam-forex-pension.md) | +0.2% | -1.2% |
| USDBRL | 2022-02-09 | [Calmer Treasury yields support Latam FX; Real drops on inflation worries](https://feedsoft.ai/events/42915-calmer-treasury-yields-support-latam-fx-real-drops-on-inflation-worries.md) | -1.7% | -5.3% |

## Sources

- tradingview.com: https://www.tradingview.com/news/reuters.com,2024:newsml_L4N3IU18S:0-latam-assets-drop-on-fiscal-policy-interest-rates-caution/

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