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The Federal Reserve's H.10 weekly release lists foreign exchange rates for late June 2023 against the US dollar. It shows the ringgit at about 4.67 and the Brazilian real near 4.81, with the yen and rand also quoted.
Currency levels for the real and ringgit affect the cost of imported soybean meal and other feed ingredients for buyers in Brazil and Malaysia. The release is a routine data point with no new price driver.
federalreserve.govJul 3, 2023After 21 past neutral report events, Brazilian Real (BRL per USD) moved a median +0.9% over 5 sessions (62% higher; middle half -0.4% to +1.8%), and -0.4% over 20.
Not 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.
