Brazil's real jumps after central bank hints at end of easing cycle

After 73 past neutral macro events, Soybean Meal moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +2.1%), and -1.6% over 20.

• Aug 30, 2024Brazil Real Swings on Fiscal Woes, Central Bank Interventions+3.0%
• Dec 7, 2022Brazilian real up on fiscal relief; Peru's sol falls amid political turmoil | Financial Post+0.8%
• Jan 30, 2025Brazil central bank hikes rates by 100 bps, confirms same in March-0.5%
• Aug 27, 2019Brazil central bank to continue FX intervention on Wednesday as real nears record low - The Business Times-1.7%
• Aug 25, 2020Argentina debt deal should limit need for more controls, reduce peso gap- cenbank chief | Financial Post+5.4%

After 213 past bearish macro events, Brazilian Real (BRL per USD) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +0.9%), and +0.2% over 20.

• Jun 29, 2022Fed rate hike bets hit Latam assets; Brazil's real jumps | Financial Post+3.9%
• Apr 17, 2017EMERGING MARKETS-Brazil real jumps on central bank intervention+0.1%
• Oct 19, 2021Brazil central bank intervenes in FX market rattled by new spending | Financial Post+1.4%
• Dec 8, 2021Brazil's real rallies over 1% ahead of interest rate decision | Financial Post+0.7%
• May 19, 2022Brazilian real leads Latam currencies higher on China lockdown easing | Financial Post-2.5%