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The Brazilian real fell sharply in the week to August 27, ending at BRL 5.212, a weekly depreciation of 3.2%. The dollar index also declined after Fed Chair Powell's Jackson Hole speech eased markets and lifted risk appetite.
Domestic fiscal and political tensions were cited as key risks for the coming week.
A weaker dollar and firmer real generally support dollar-priced commodities such as soybeans and corn, and reduce the cost of Brazilian export offers. Political and fiscal uncertainty in Brazil could reverse that support if the real weakens again.
stonex.comStoneX Intelligence BrazilAug 30, 2021Not 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.
