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The spot dollar closed slightly lower by 0.10% at 5.6498 reais on Wednesday after a volatile session. US consumer prices rose 0.2% in August, with annual inflation at 2.5%, in line with expectations that were slightly softer on the year-on-year figure.
US inflation data shapes expectations for the size of Federal Reserve rate cuts, which drives the dollar and real exchange rate. Commodity price gains in iron ore and oil also supported the real, though the overall move was small.
en.brasil247.comRedação Brasil 247Sep 11, 2024After 21 past neutral report events, Brazilian Real (BRL per USD) moved a median +0.9% over 5 sessions (62% higher; middle half -0.4% to +1.8%), and -0.4% 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.
