
Brazilian Finance Minister Fernando Haddad blamed external factors, including strong US economic data, inflation and Middle East tensions after Iran's attack on Israel, for the weaker real. The real rose 1.64% to R$5.2697 per dollar, its highest close since March 2023, after the government set a new fiscal target forecasting a zero result for 2025.
Analysts warned gross debt will keep rising unless the primary surplus approaches 1% of GDP.
A weaker real lowers the dollar cost of Brazilian soybean, corn and meal exports, supporting Brazilian export competitiveness and sometimes weighing on global prices. Higher oil prices from the Middle East tensions also raise input and freight costs.
Tras 301 eventos alcista de macro pasados, Real brasileño (BRL por USD) se movió una mediana de +0,4 % en 5 sesiones (57% al alza; mitad central entre -1,2 % y +1,7 %), y +1,0 % en 20.
Tras 487 eventos alcista de macro pasados, Petróleo crudo (WTI) se movió una mediana de +1,0 % en 5 sesiones (60% al alza; mitad central entre -2,0 % y +4,0 %), y +1,5 % 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.
Published a day after the window, it attributes the real's weakness to strong US data, inflation and Middle East tensions, plus fiscal concerns, which supports the drivers of the move, though its reported real gain on 04-17 is outside the window and its text is internally inconsistent.