US PCE inflation data and pre-election demand drive emerging currency gains on September 30, 2026.
The US dollar traded sharply lower against the Brazilian real during morning trading on Wednesday, September 30, 2026. Around 9:40 a.m., the spot dollar declined 0.81% to R$ 5.1742, while the October future contract dropped 0.51% to R$ 5.1750. The commercial euro also weakened, falling 0.55% to R$ 5.8826.
Market demand for Brazilian assets increased ahead of the first round of presidential elections scheduled for Sunday, October 4. Global sentiment also supported the move after the release of the US personal consumption expenditures price index. Core PCE and annual readings came in below market expectations.
The DXY index, which tracks the dollar against six major currencies, dropped 0.33% to 101.04 points. Against other emerging market peers, the US dollar lost 0.33% against the Mexican peso and 0.40% against the South African rand.
Share prices can rise and fall. Past performance does not guarantee future results. This article is news, not investment advice.
Newsletter
Markets in your inbox, weekly
Latin America-focused analysis, investment themes and the week in finance.