◂ Event Timeline

Jan 22, 2021MACROBrazil

Latam FX falls as dollar rises, Brazil real lags peers for the week - Markets

Most Latin American currencies fell on the dollar's rebound, with Brazil's real down 1.2% and set for a weekly loss of 2%. Weak industrial confidence and worries over public finances and fiscal reform weighed on the currency.

WHY IT MATTERS

The real's weekly slide makes Brazilian commodity exports cheaper in dollar terms, which can add pressure to soybean meal and corn offers. Continued fiscal concern could keep the currency volatile.

AFFECTSBrazilian Real (BRL per USD)▲

SOURCE
brecorder.comReutersJan 22, 2021

Price reaction & history

Brazilian Real (BRL per USD)▲bullishSO FAR1d +1.4%5d +0.4%20d +0.3%

After 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.

Feb 9, 2021Brazil's real leads Latam FX losses on fiscal concerns - Markets - Business Recorder+1.2%
Nov 10, 2022EMERGING MARKETS-Brazil's real sinks 4%, other FX rally on dollar weakness+6.0%
Jun 25, 2020Latam stocks fall on virus woes; Mexican peso weak before rate move - Markets - Business Recorder+0.9%
Mar 3, 2021Brazil real slumps to three-month low as central bank intervenes selling $2bn - Markets - Business Recorder+1.7%
Mar 22, 2021Turkey shock waves hit Latam markets, Mexican peso slides 1pc - Markets - Business Recorder+4.4%

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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