Loading…
Brazil's real fell as much as 2.1% on August 20 after the Senate unexpectedly overturned a presidential veto. The vote opens the way for increases in public servant wages.
A weaker real raises fiscal concern and tends to make Brazilian exports cheaper in dollar terms, which can support Brazilian soybean and meal sales abroad while lifting the cost of imported inputs for local feed producers.
bloomberg.comAline OyamadaAug 20, 2020After 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.
