Loading…
Latin American currencies were mixed on Friday as China eased COVID curbs and the dollar fell after soft U.S. inflation data. Brazil's real gained 1.2%, recovering from a sharp sell-off the previous day tied to investor doubts over president-elect Lula's fiscal plans.
A weaker real makes Brazilian soybeans and corn cheaper in dollar terms, supporting Brazilian export competitiveness, though the move is mainly a currency story with limited direct impact on feed prices.
reuters.comSusan MathewNov 11, 2022After 213 past bearish macro events, Brazilian Real (BRL per USD) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +0.9%), and +0.2% 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.
