Brazil's Guedes says political 'noise' weakening real currency

After 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.

• May 19, 2022Brazilian real leads Latam currencies higher on China lockdown easing | Financial Post-2.5%
• Jul 23, 2021Brazil's real gains on rate-hike bets, but loses for the week | Financial Post-3.0%
• May 27, 2021Brazilian real leads gains among Latam FX | Financial Post-4.3%
• May 27, 2021Brazil real up; Most Latam FX pressured by rising U.S. bond yields | Financial Post-4.3%
• Dec 10, 2020Brazil's real jumps after central bank hints at end of easing cycle | Financial Post-0.4%

After 50 past neutral macro events, Soybeans moved a median -0.3% over 5 sessions (48% higher; middle half -2.2% to +1.3%), and -0.8% over 20.

• May 31, 2017Brazil slashes rates, eyes dial down in political storm | Reuters+1.2%
• May 25, 2017StanChart’s chief economist says these four currencies will move most on Fed shock-3.8%
• Jun 27, 2024Brazilian real’s volatility undermines foreign trade predictability, says official | WKZO | Everything Kalamazoo | 590 AM · 106.9 FM+1.2%
• Oct 27, 2026First Thing Today | Soybeans see small bounce as Brazilian real stabilizes - Pro Farmer+0.5%
• Aug 27, 2018China yuan counter-cyclical factor: currency tweak is trade war dovish-1.1%