The Brazilian real strengthened as the dollar closed lower in Brazil on Friday after the US PCE inflation index for August came in line with market expectations. The spot dollar fell 0.49% to R$5.3386, and the index rose 2.7% year over year.
A firmer real makes Brazilian commodity exports priced in dollars less competitive in local terms and can encourage Brazilian farmers to sell more slowly, with mild implications for soymeal and corn export pricing.
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.