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The Brazilian real fell 0.8% to its lowest level in two months intraday as investors bet on rate cuts after inflation fell and the central bank faced political pressure from President Lula. Chile's peso dropped 0.7% after copper output fell 1.1% year-on-year in April and copper prices slid.
These are currency and metals moves with little direct effect on feed grain or protein supply and demand, though a weaker real can make Brazilian soybean meal and corn exports more competitive.
financialpost.comReuters31 may 2023Tras 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.
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.
