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Brazil's high interest rates and favorable economic outlook are supporting the real as investors look past the presidential election. Goldman Sachs recommended clients buy Brazilian assets, expecting the real to outperform Latin American peers.
A firmer real can slow Brazilian farm export competitiveness at the margin, but the effect on feed prices is small. This is routine currency commentary.
bloomberg.comMaria Elena Vizcaino, Felipe SaturninoOct 31, 2022Not 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.
