Analysis: Exchange rate caught between external factors and fiscal risks

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.

• 14 jun 2022Analysis: Exchange rate unlikely to mean trouble for Brazil’s Central Bank+0,7 %
• 28 jul 2025Dollar approaches R$5,60 again, driven by external factors after agreement between the US and EU | Brasil 247-0,4 %
• 17 abr 2024Haddad blames external factors for weakened real-1,4 %
• 1 oct 2026Brazilian Real: Exchange rate seen weaker into year-end – Rabobank-3,5 %
• 15 may 2020Brazil Exchange Rate May 2020 - FocusEconomics-5,4 %

Tras 117 eventos bajista de macro pasados, Harina de soja se movió una mediana de -0,6 % en 5 sesiones (41% al alza; mitad central entre -2,5 % y +1,7 %), y +0,5 % en 20.

• 22 oct 2021Unofficial exchange rate shows Argentina's de facto devaluation — MercoPress+1,5 %
• 1 oct 2026Brazilian Real: Exchange rate seen weaker into year-end – Rabobank+3,2 %
• 29 oct 2026The sharp fall in the real exchange rate has caused soybean meal prices to collapse in Brazil and China, which is increasing pressure on prices in Ukraine.-3,3 %
• 30 jun 2023Brazilian Real Technical Analysis: USD/BRL, EUR/BRL+1,6 %
• 14 may 2018IMF says supports Argentina floating exchange rate as peso tumbles-1,7 %