Brazil's real hits record low as markets eye govt spending

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.

• Jun 25, 2024Lula’s spending plans turn heat on Brazilian markets+3.4%
• Dec 16, 2024Brazil currency hits record low amid ongoing fiscal woes+0.3%
• Mar 3, 2021Brazil real slumps to three-month low as central bank intervenes selling $2bn - Markets - Business Recorder+1.7%
• Feb 9, 2021Brazil's real leads Latam FX losses on fiscal concerns - Markets - Business Recorder+1.2%
• Jan 22, 2021Latam FX falls as dollar rises, Brazil real lags peers for the week - Markets - Business Recorder+0.4%

After 117 past bearish macro events, Soybean Meal moved a median -0.6% over 5 sessions (41% higher; middle half -2.5% to +1.7%), and +0.5% over 20.

• Jun 25, 2024Lula’s spending plans turn heat on Brazilian markets-1.8%
• Dec 16, 2024Brazil currency hits record low amid ongoing fiscal woes+2.8%
• Feb 12, 2020Brazilian real's new low vs dollar brings year-to-date loss to almost 8% By Reuters+0.8%
• Jan 9, 2023Brazil’s Real Weakens Following Attacks on Government Buildings+1.7%
• Jun 27, 2024Market confidence wanes, weakening Brazilian real+1.8%