Brazil currency hits record low amid ongoing fiscal woes

After 301 past bullish macro events, USDBRL moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.7%), and +1.0% over 20.

• Mar 16, 2020Brazil: Stocks dive, currency closes at new record low - The Business Times+5.0%
• Nov 11, 2024Brazil's currency weakens amid government delays in announcing new fiscal measures | Reuters-0.6%
• Dec 18, 2024Brazil's real hits record low as markets eye govt spending | Reuters+1.3%
• Nov 28, 2024BRL: Real hits four year low on fiscal concerns – ING — Elev8+1.7%
• Aug 30, 2024Brazil Real Swings on Fiscal Woes, Central Bank Interventions-0.8%

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

• Nov 11, 2024Brazil's currency weakens amid government delays in announcing new fiscal measures | Reuters-1.9%
• Dec 18, 2024Brazil's real hits record low as markets eye govt spending | Reuters+1.6%
• Nov 28, 2024BRL: Real hits four year low on fiscal concerns – ING — Elev8-1.3%
• Dec 19, 2024Why Brazil’s currency is plunging+7.4%
• Nov 29, 2024Brazil projects R$327bn savings by 2030 with fiscal measures-1.3%