◂ Event Timeline

Dec 6, 2022MACROBrazil

Brazil's real up ahead of fiscal policy discussion, Chile's c.bank decision eyed

Latin American currencies were mixed on Dec 6, with the Brazilian real up slightly ahead of a Senate debate on a fiscal easing bill. Chile's peso rose ahead of its central bank decision, and Mexico's peso slipped with crude prices.

WHY IT MATTERS

Routine currency moves with limited direct effect on feed commodity prices; the fiscal bill could affect Brazil's future exchange rate and export competitiveness.

AFFECTSBrazilian Real (BRL per USD)◆

SOURCE
financialpost.comReutersDec 6, 2022

Price reaction & history

Brazilian Real (BRL per USD)◆neutralSO FAR1d -0.4%5d +1.4%20d +3.5%

After 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.

Apr 27, 2022Brazilian real, Chilean peso steady against raging dollar | Financial Post+0.3%
Mar 30, 2021Brazil's real steady after ministerial reshuffle, jobs data | Financial Post-2.1%
Jun 12, 2020Mexico's peso up strongly after brutal selloff; Brazil's real down | Financial Post+7.6%
Jul 1, 2021Latam FX fall on virus worries; Brazil's real down 1% | Financial Post+4.5%
Sep 4, 2020Brazil's real slips against firmer dollar, Wall St slide hits Latam stocks | Financial Post-0.1%

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.

Brazilian Real (BRL per USD) USDBRL · GP ▸

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