Special Analysis | Why did the USDBRL rise so much in 2024?

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.

• Jun 30, 2023Brazilian Real Technical Analysis: USD/BRL, EUR/BRL+0.3%
• Sep 8, 2023Why the US Fed's interest rate pause is a win for dollar bulls | The National-2.2%
• Sep 29, 2023Brazilian Real Technical Analysis: USD/BRL Breakout Re-Tests 5.00+2.9%
• Feb 24, 2022Analysis: War shuffles moves of central banks in Brazil, abroad+2.7%
• Sep 23, 2024Dollar rises more than 1% at the start of a week marked by inflation data in Brazil and the US | Brasil 247-1.1%

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Jun 1, 2023Why is the US dollar so strong again?-0.9%
• Sep 28, 2022Why is the US dollar so strong, and what does it mean?-1.8%
• Dec 19, 2016US: Something special in the offering – Deutsche Bank — Octa+0.4%
• Apr 29, 2022Why the US Dollar Is So Mighty Again | QuickTakes | Yardeni Research-0.1%
• Sep 8, 2023Why the US Fed's interest rate pause is a win for dollar bulls | The National-0.6%