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Brazil's central bank monetary policy director Bruno Serra said the currency's dynamics are improving and the FX market is more balanced. He noted a $9 billion FX inflow in the first quarter, the highest since 2012, and said the bank's earlier interventions had helped.
A more stable real reduces the risk of sharp currency swings that can distort Brazilian soy and corn export pricing and farmer selling decisions.
financialpost.comReutersApr 8, 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.
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.
