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The U.S. dollar rebounded on Thursday while the Brazilian real and other emerging-market currencies fell as political uncertainty weighed on investors. The WSJ Dollar Index measures the greenback against 16 other currencies.
A weaker real raises the local-currency cost of dollar-priced imports and makes Brazilian exports like soybeans and meal cheaper in dollar terms, so feed buyers should watch for shifts in export pricing.
wsj.comChelsey DulaneyMay 18, 2017After 301 past bullish macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.7%), and +1.0% over 20.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), 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.
Real and other EM currencies fell on May 18 amid political uncertainty alongside a dollar rebound, confirming the currency sell-off and sentiment.
Same-day report of the real plunging amid broader EM currency weakness and a rebounding dollar, indicating political uncertainty plus a modest dollar-strength contribution.
