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The Brazilian real strengthened about 1.7% against the dollar on January 2, 2019, the first working day of Jair Bolsonaro's administration. The Ibovespa rose 3.56% to a record 91,012 points, with Eletrobras and Taurus among the top performers.
A stronger real and rising equities reflect investor optimism about the new government's reforms, which makes Brazilian exports such as soybeans and meal relatively more expensive in dollar terms and can weigh on feed export pricing.
anba.com.brAgência BrasilJan 2, 2019Not enough comparable past events yet for a historical read.
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.
Real strengthened about 1.7% on Bolsonaro's first working day alongside a record Ibovespa, showing risk-on inflows that contributed to the BRL appreciation.
