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Brazil's real gained 0.6% to 5.68 per dollar on Friday after the government rolled back parts of the surprise IOF tax increase. The currency was still set for a weekly loss as investor confidence stayed weak.
The reversal eases capital-flight fears, which supports the real and lowers the dollar cost of Brazilian feed exports. Fiscal doubts keep the currency sensitive to further policy shifts.
tradingview.comMay 23, 2025After 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.
