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Studies show that strong job markets and robust demand have sped up how quickly the real's depreciation feeds into manufactured goods prices in Brazil. The analysis estimates that the initial devaluation from December to May has already added to the 2024 IPCA inflation index, with remaining pass-through still to come.
Faster pass-through of currency weakness into Brazilian consumer prices can force the central bank to keep rates higher for longer, supporting the real and tightening domestic demand for feed-linked livestock products. The effect on feed commodity prices is indirect.
valorinternational.globo.comMarcelo OsakabeSep 18, 2024After 621 past macro events, Brazilian Real (BRL per USD) moved a median +0.2% over 5 sessions (53% higher; middle half -1.3% to +1.4%), and +0.6% 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.
