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The dollar closed at 5.8682 reais on January 29, its lowest level since November 26, and was down 5.03% in January. The Federal Reserve held rates steady that day, and the Central Bank of Brazil sold $2 billion in a currency intervention.
A stronger real lowers the dollar cost of Brazilian soybeans and corn, which can pressure Chicago prices and reduce the competitive edge of US exports.
en.brasil247.comBianca PenteadoJan 29, 2025Not enough comparable past events yet for a historical read.
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.
