The Brazilian real traded above 5.15 per USD in June after the Banco Central do Brasil cut the Selic rate by 0.25 points to 14.25% and the Fed held rates at 3.50%-3.75% with a hawkish tone. The real later strengthened to 5.06 per USD in July, its highest in seven weeks, as carry-trade interest returned amid US-Iran hostilities.
Narrowing rate differentials and a firmer real change the cost of Brazilian-origin feed ingredients and export competitiveness for soybeans, meal and corn, with the currency swing feeding into Brazilian export pricing.
Tras 213 eventos bajista de macro pasados, Real brasileño (BRL por USD) se movió una mediana de -0,2 % en 5 sesiones (46% al alza; mitad central entre -1,5 % y +0,9 %), y +0,2 % en 20.
Tras 73 eventos neutral de macro pasados, Harina de soja se movió una mediana de -0,3 % en 5 sesiones (44% al alza; mitad central entre -1,9 % y +2,1 %), y -1,6 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
Dated on the move day, it describes the BCB's Selic cut to 14.25% and a hawkish Fed hold, which narrowed the rate differential and pushed BRL weaker above 5.15 per USD; the July strengthening detail is later and not relevant.