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Forex.com's weekly outlook lists factors for the USD/BRL pair, including Fed officials potentially reversing rate-cut expectations after Powell's comments, Brazil's central bank COPOM minutes and inflation report, and progress on economic reforms in Congress. It notes the weekly exchange overview will pause over the holidays.
The outlook is a balanced set of bullish and bearish factors.
Currency swings in the real change the dollar cost of Brazilian feed exports such as soymeal and corn, which affects Brazilian farmer selling and export competitiveness. The piece offers no new event that would move prices on its own.
forex.comPaul WaltonDec 19, 2023Not enough comparable past events yet for a historical read.
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.
