# Brazilian Real, Turkish Lira And Mexican Peso Are Casualties Of Recent Slow Down In Global Growth

> Analysts at SEB said emerging market currencies including the Brazilian real, Turkish lira and Mexican peso are suffering from rising US interest rates and a recent slowdown in global growth. They do not yet see a buying opportunity in these currencies. SEB expects the selloff not to turn into a 2014-2015 style rout, but says the market needs positive news first.

- Date: 2018-05-21 · published 2018-05-21T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/9716-brazilian-real-turkish-lira-and-mexican-peso-are-casualties-of-recent-slow-down
- 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

Continued pressure on emerging market currencies can make dollar-priced commodity imports more expensive for EM feed buyers while cheapening their exports. The effect on world feed prices is modest unless the selloff deepens.

## Read by commodity

- USDBRL: bullish ▲
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2018-07-19 | [Brazilian Real and Argentine Peso lose ground against the dollar — MercoPress](https://feedsoft.ai/events/64233-brazilian-real-and-argentine-peso-lose-ground-against-the-dollar-mercopress.md) | -3.5% | +1.9% |
| USDBRL | 2020-09-30 | [Mexican peso shines, Brazil's real flat amid fiscal worries](https://feedsoft.ai/events/51323-mexican-peso-shines-brazil-s-real-flat-amid-fiscal-worries.md) | -2.3% | +1.3% |
| USDBRL | 2019-11-26 | [EMERGING MARKETS-Brazilian c.bank intervenes as real slumps; Colombian peso drops on tax reform](https://feedsoft.ai/events/56346-emerging-markets-brazilian-c-bank-intervenes-as-real-slumps-colombian-peso.md) | -0.5% | -3.1% |
| USDBRL | 2022-12-27 | [EMERGING MARKETS-Brazilian real leads Latin American FX down in thin holiday trading](https://feedsoft.ai/events/38431-emerging-markets-brazilian-real-leads-latin-american-fx-down-in-thin-holiday.md) | +5.6% | -0.9% |
| USDBRL | 2020-11-11 | [Brazil's real, Mexican peso hit by tepid economic data \| Financial Post](https://feedsoft.ai/events/50377-brazil-s-real-mexican-peso-hit-by-tepid-economic-data-financial-post.md) | -1.2% | -5.9% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/21701/brazilian-real-turkish-lira-mexican-peso-are-casualties-of-recent-slow-down-in-global-growth.html

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