
Latin American currencies traded in a tight range on Friday ahead of a speech by Federal Reserve Chair Jerome Powell at the Jackson Hole conference. The Brazilian real rose 0.3% against the dollar and was on track for a weekly gain of 2.6%, one of the best-performing emerging market currencies.
The Mexican peso extended its declines to a third straight day.
A firmer real eases the cost of dollar-priced grain and meal imports for Brazil's feed sector, while Fed guidance on tapering can shift dollar strength across commodity prices.
Setelah 213 peristiwa makro bearish sebelumnya, Real Brasil (BRL per USD) bergerak median -0,2% selama 5 sesi (46% lebih tinggi; separuh tengah -1,5% sampai +0,9%), dan +0,2% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.