Brazil's currency weakens amid government delays in announcing new fiscal measures

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.

• Dec 16, 2024Brazil currency hits record low amid ongoing fiscal woes+0.3%
• Jan 9, 2023Brazil’s Real Weakens Following Attacks on Government Buildings-3.0%
• Nov 1, 2016Brazil, Mexico currencies weaken after strong U.S. data+1.0%
• Aug 13, 2024Brazil's central bank had no reason to intervene in FX amid 'accelerated weakening'-1.8%
• Nov 21, 2022Back in Brazil, Lula faces tough choices in forging new government-0.1%

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.

• Dec 16, 2024Brazil currency hits record low amid ongoing fiscal woes+2.8%
• Jan 9, 2023Brazil’s Real Weakens Following Attacks on Government Buildings+1.7%
• Aug 13, 2024Brazil's central bank had no reason to intervene in FX amid 'accelerated weakening'-2.6%
• Nov 29, 2024Brazil projects R$327bn savings by 2030 with fiscal measures-1.3%
• Dec 19, 2024Why Brazil’s currency is plunging+7.4%

After 301 past bearish macro events, Corn moved a median -0.1% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +0.2% over 20.

• Aug 13, 2024Brazil's central bank had no reason to intervene in FX amid 'accelerated weakening'-1.2%
• Mar 28, 2019No, Brazil's Currency Is Not Going To R$5 If Pension Reform Fails-2.6%
• Dec 19, 2024Why Brazil’s currency is plunging+2.0%
• May 18, 2017U.S. grains: Soybeans fall as Brazilian currency dives - AgCanada+0.7%
• Jun 27, 2024Market confidence wanes, weakening Brazilian real-2.3%