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The Federal Reserve published its H.10 weekly foreign exchange release dated June 13, 2022, with daily rates from June 6 to June 10. The table showed the Brazilian real at 4.9947 per dollar on June 10, up from 4.7974 on June 6.
Other currencies in the release included the yen, the yuan and the euro.
This is a routine government data release that records currency moves but reports no new cause. The weaker real and other currencies raise the dollar cost of exports from those markets, which can affect feed commodity pricing at the margin.
federalreserve.govJun 13, 2022After 40 past report events, Brazilian Real (BRL per USD) moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
The H.10 data confirm the BRL depreciation from 4.7974 to 4.9947 per USD between June 6 and June 10, but it only documents the move and does not explain its cause.
