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Brazil's real stabilized after six straight days of losses following President Bolsonaro's major ministerial reshuffle, which saw Foreign Minister Ernesto Araujo leave amid criticism over vaccine supply. Brazil also reported a record 401,639 net formal jobs added in February.
A weaker real makes Brazilian soybeans and corn cheaper for export buyers, which can pressure dollar-denominated feed prices, while political instability and the pandemic add currency volatility.
financialpost.comReutersMar 30, 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.
