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StoneX's weekly Brazil FX outlook says the dollar rose globally for a fourth straight week, driven by reduced expectations of Fed rate cuts and election-related safe-haven demand. USDBRL closed Friday at 5.7066, up 4.7% for the month, with pressure from Brazilian fiscal concerns.
A stronger dollar and weaker real make Brazilian commodity exports more competitive and tend to weigh on global feed prices. Investor focus on fiscal policy and the U.S. election will drive near-term volatility.
stonex.comStoneX Intelligence BrazilOct 28, 2024Not enough comparable past events yet for a historical read.
Not 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.
