Loading…
A Reuters poll of strategists found Brazil's real would likely stay range-bound around 5.33 per dollar in the coming weeks, with focus on vaccine rollout progress. The median forecast showed the currency at 5.20 in 30 days and 5.00 by the end of 2021.
The poll was conducted January 4 to 6.
Expectations of a stable real reduce near-term currency risk for Brazilian feed ingredient exporters. The poll is a forecast, so it signals sentiment rather than a current supply or demand change.
mix929.comSyndicated ContentJan 8, 2021Not 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.
