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The commercial dollar closed at R$5.033 on August 29, down 0.88% and at its lowest since June 15, and is down 2.73% in August. Brent crude closed near US$104, its highest since late June, on expectations OPEC would cut supply.
Emerging-market currencies gained as commodity prices rose.
A firmer real makes Brazilian commodity exports pricier in dollars, while higher oil supports biofuel-linked demand for vegetable oils and corn ethanol feedstocks.
latin-american.newsLa-NewsAug 30, 2022Not enough comparable past events yet for a historical read.
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.
