Brazil Real Swings on Fiscal Woes, Central Bank Interventions

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.

• Mar 4, 2020Brazil central bank to intervene in FX swaps market on Thursday+4.1%
• Mar 18, 2020Brazil central bank FX, bond intervention fails to prevent market rout+1.1%
• Oct 31, 2020Brazil's central bank intervenes twice in the week in support of the weakening Real — MercoPress-5.2%
• Aug 13, 2024Brazil's central bank had no reason to intervene in FX amid 'accelerated weakening'-1.8%
• Mar 9, 2020Brazil stocks post biggest fall since 1998, central bank intervenes twice in FX+2.7%

After 73 past neutral macro events, Soybean Meal moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +2.1%), and -1.6% over 20.

• Aug 27, 2019Brazil central bank to continue FX intervention on Wednesday as real nears record low - The Business Times-1.7%
• Aug 30, 2024Spot dollar closes higher for the 5th session despite interventions by the Central Bank | Brasil 247+3.0%
• Dec 10, 2020Brazil's real jumps after central bank hints at end of easing cycle | Financial Post+2.6%
• Feb 14, 2020Brazil's FX intervention may give respite - NYK Daily-0.9%
• Aug 31, 2018Argentina peso firms as central bank intervenes, IMF voices support+4.2%