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The Brazilian real ended the week of December 10 lower at 5.614 per dollar, down 1.1% on the week and up 8.1% for the year. The dollar index closed near 96.1, with markets unsettled by the Omicron variant and high inflation data.
Upcoming events included the FOMC decision, Copom minutes and Brazil's inflation report.
A firmer real reduces the cost of Brazilian soybean and corn exports in dollar terms, which can weigh on international feed prices, while a stronger dollar tends to support Brazilian export competitiveness and pressure US-priced commodities.
stonex.comStoneX Intelligence BrazilDec 10, 2021After 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.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
