# Turkish Lira Crashes, But Are Emerging Currencies (Mexican Peso, Brazilian Real) Improving?

> Analysts at Nordea note that the Turkish lira is under pressure, but emerging-market flows appear to be improving. Emerging-market bond inflows via ETFs have picked up, and Asian equity outflows have stopped. The article links this to a flattening US yield curve and rising dollar.

- Date: 2018-08-09 · published 2018-08-09T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/9472-turkish-lira-crashes-but-are-emerging-currencies-mexican-peso-brazilian-real
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Stabilizing emerging-market flows reduce pressure on currencies such as the Brazilian real and Mexican peso, which affects dollar prices for their exported farm goods. The impact on feed prices is limited for now.

## Read by commodity

- USDBRL: neutral
- USDMXN: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDBRL | 2018-08-13 | 5 | +5.1% | 3.6 | Reports lira pressure alongside a rising dollar and flattening US yield curve, which signals the contagion and dollar-strength backdrop weighing on EM currencies like the real, though it notes EM flows were improving. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2023-08-30 | [EMERGING MARKETS-Latin American currencies up on weaker dollar; Brazil's real lags on rate-cut speculation](https://feedsoft.ai/events/34788-emerging-markets-latin-american-currencies-up-on-weaker-dollar-brazil-s-real.md) | +2.3% | +4.1% |
| USDBRL | 2022-04-27 | [Brazilian real, Chilean peso steady against raging dollar \| Financial Post](https://feedsoft.ai/events/6862-brazilian-real-chilean-peso-steady-against-raging-dollar-financial-post.md) | +0.3% | -3.2% |
| USDBRL | 2026-08-12 | [Brazilian Real: Politics weighs but carry supports – ING](https://feedsoft.ai/events/18110-brazilian-real-politics-weighs-but-carry-supports-ing.md) | +0.9% | -1.1% |
| USDBRL | 2019-12-02 | [Brazil's cenbank head says real is floating currency after Trump criticism](https://feedsoft.ai/events/55775-brazil-s-cenbank-head-says-real-is-floating-currency-after-trump-criticism.md) | -1.2% | -5.0% |
| USDBRL | 2023-09-26 | [EMERGING MARKETS-Brazil's real steady after inflation data, Hungary trims interest rates](https://feedsoft.ai/events/34325-emerging-markets-brazil-s-real-steady-after-inflation-data-hungary-trims.md) | +2.3% | +0.7% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/22591/turkish-lira-falls-but-emerging-currencies-mexican-peso-brazilian-real-may-be-improving.html

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