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TD Securities expects the Brazilian central bank to cut its Selic rate by 50 basis points at its October meeting and to signal further easing. Analysts cite inflation at or below target and a large output gap as reasons for the cut.
They also note that the real will remain tied to broad dollar moves and fiscal reform prospects.
Lower Brazilian rates tend to weaken the real, which can make Brazilian soybean and corn exports more competitive on world markets. The effect on feed prices is likely to be small unless the currency move is large.
octaafrica.net30 oct 2019Tras 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.
