The Brazilian real strengthened to about 5.33 per US dollar after IBGE data showed unemployment fell to a record low 5.4% in the quarter to October. Average real wages hit a record R$3,528 while the Selic rate remains at 15%.
A stronger real reduces the local cost of dollar-priced Brazilian feed inputs and exports such as soybean meal and corn, modestly easing upward pressure on Brazilian export prices.
After 213 past bearish macro events, Brazilian Real (BRL per USD) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +0.9%), 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.