Loading…
The US dollar rose 1.9% against the South African rand, 1.5% against the Mexican peso and 0.5% against the Brazilian real. It also gained against a broad range of other emerging-market currencies.
A stronger dollar against emerging-market currencies makes US commodity exports more expensive for importers in those countries, which can weigh on US grain and meal prices. Weaker local currencies in Brazil and Mexico can also make their exports more competitive.
wsj.comIra IosebashviliAug 15, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 301 past bullish macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.7%), and +1.0% 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.
