Major Latin American currencies traded mixed on Thursday as the dollar held near a 19-month high reached the previous day. Markets priced an 89% probability of a 25 basis point Fed hike in December after US inflation data pushed short-term Treasury yields higher.
A stronger dollar and expected US rate hikes tighten financial conditions for emerging markets and can weigh on commodity-exporter currencies, which lowers the local-currency cost of imported feed and can pressure farm-export prices in dollar terms.
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.
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.