The spot dollar fell about 0.6% against the Brazilian real on September 26, 2024, to 5.4452 reais, after Chinese Politburo signaled more fiscal spending to reach the roughly 5% growth target. The dollar has fallen 3.39% against the real in September.
Stronger Chinese growth expectations lift commodity demand and commodity-exporter currencies, which supports Brazilian export prices for soybeans and meal in dollar terms.
After 213 past bearish macro events, Brazilian Real (BRL per USD) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +0.9%), and +0.2% over 20.
After 123 past bullish macro events, Soybeans moved a median +0.3% over 5 sessions (60% higher; middle half -1.0% to +1.8%), and -0.4% over 20.
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.