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StoneX reports that the USD/BRL closed the week of March 22 at 4.999, flat on the week, and the dollar index finished at 104.4. The outlook highlights upcoming US PCE inflation data, Brazil's IPCA-15 inflation and Copom minutes as drivers for the coming week.
Currency moves in the real and dollar index shift the relative cost of Brazilian versus US feed exports, which can influence trade flows and price competitiveness.
stonex.comStoneX Intelligence BrazilMar 25, 2024After 92 past neutral macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +0.4% over 20.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
