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Local institutional investors' bets in favor of the real surpassed $10 billion on September 18, 2024, the first time above that level since April. Foreign investors remained positioned for a stronger dollar at about $70 billion.
Positioning shows currency sentiment shifting toward the real on a wider Brazil-US rate gap, which tends to make Brazilian commodity exports less competitive at the margin.
valorinternational.globo.comArthur Cagliari, Victor RezendeSep 20, 2024After 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.
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.
