◂ Event Timeline

Oct 27, 2021MACROBrazil

Brazil's real gains as bets rise for large rate hike - Markets

Brazil's real gained as traders bet on a larger-than-expected central bank rate hike. Peru's sol weakened amid spreading copper mine protests, and most other Latin American currencies were flat to higher as the dollar softened.

WHY IT MATTERS

Expectations of tighter policy supported the real, which lessens Brazil's export price advantage for grain and meal. Currency moves in the region can also shift relative competitiveness among South American oilseed exporters.

AFFECTSBrazilian Real (BRL per USD)▼

SOURCE
brecorder.comReutersOct 27, 2021

Price reaction & history

Brazilian Real (BRL per USD)▼bearishSO FAR1d -0.0%5d +1.7%20d +0.2%

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.

Mar 18, 2021Brazil's real, Turkish lira rise after rate hikes; other EM FX fall - Markets - Business Recorder-1.8%
Sep 27, 2021Brazil's real outperforms Latam peers - Markets - Business Recorder+0.5%
Jan 20, 2021Brazil's real rises ahead of c.bank meeting, rest of Latam trails - Markets - Business Recorder+1.5%
Apr 30, 2021Brazil's real plunges as unemployment soars, set for best month in 2021 - Markets - Business Recorder-1.5%
Jul 23, 2021Brazil's real gains on rate-hike bets, but loses for the week | Financial Post-3.0%

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.

Brazilian Real (BRL per USD) USDBRL · GP ▸

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