
Pictet's head of emerging market debt, Mary-Thérèse Barton, says Brazil could surprise investors in 2021 if it addresses its fiscal and domestic challenges. She notes that the fiscal stimulus and very low interest rates have weighed on the real.
She argues the currency will remain driven by domestic issues.
This is an investment opinion rather than a new event. Its impact on feed prices is limited, although a firmer real would make Brazilian soy and corn cheaper in dollar terms.
Tras 92 eventos neutral de macro pasados, Real brasileño (BRL por USD) se movió una mediana de +0,4 % en 5 sesiones (58% al alza; mitad central entre -0,7 % y +1,4 %), y +0,4 % 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.