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The Federal Reserve H.10 release reports weekly foreign exchange rates against the US dollar for February 27 to March 3, 2023. Brazil's real traded around 5.20 per dollar and the Mexican peso around 18.0 to 18.4.
Exchange rate levels for major feed-importing and exporting currencies affect local feed costs and export competitiveness for Brazil, Mexico and others, though this data release alone signals no new shock.
federalreserve.govMar 6, 2023Not enough comparable past events yet for a historical read.
After 17 past neutral report events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (47% higher; middle half -0.2% to +0.4%), and -0.8% over 20.
After 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.
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.
