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Capital Economics expects the Brazilian real to depreciate modestly against the dollar, forecasting a move from about 5.45 per dollar to 5.75 by end-2022. The view follows Petrobras' CEO removal after a dispute over unpopular gas price hikes, which analysts see as a sign of political pressure on fiscal policy.
Weaker real makes Brazilian-origin feed ingredients and soy cheaper in dollar terms, which can pressure Brazilian export prices and support South American competitiveness versus US supplies.
octaafrica.netFeb 23, 2021After 301 past bullish macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.7%), and +1.0% 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.
