◂ Event Timeline

Sep 26, 2023MACROBrazil

EMERGING MARKETS-Brazil's real steady after inflation data, Hungary trims interest rates

Latin American currencies were mixed on September 26, with the Brazilian real up 0.1% after mid-September inflation accelerated to 5.00%, in line with forecasts. The Hungarian central bank cut rates but flagged inflation risks, and the Brazilian central bank signaled a low likelihood of larger rate cuts.

WHY IT MATTERS

With inflation meeting expectations, the real is steady and no new pressure is added to Brazilian export pricing for soy and corn, leaving feed markets largely unaffected.

AFFECTSUSDBRL◆

SOURCE
finance.yahoo.comAmruta KhandekarSep 26, 2023

Price reaction & history

USDBRL◆neutralSO FAR1d +0.4%5d +2.3%20d +0.7%

After 92 past neutral macro events, USDBRL moved a median +0.4% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +0.4% over 20.

Feb 26, 2021Brazil intervenes in FX markets to arrest real's fall — Octa+1.4%
Aug 30, 2023EMERGING MARKETS-Latin American currencies up on weaker dollar; Brazil's real lags on rate-cut speculation+2.3%
Dec 8, 2023EMERGING MARKETS-Colombian peso up after inflation data; Latam FX, stocks slip on the week-0.1%
Nov 21, 2019EMERGING MARKETS-Latam FX muted after mixed signals on trade; Brazil stocks gain+1.5%
Mar 30, 2021Brazil's real steady after ministerial reshuffle, jobs data | Financial Post-2.1%

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.

USDBRL · GP ▸

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