Loading…
Brazilian central bank director Fabio Kanczuk said short-term asset rebounds would not change monetary policy. He added that policymakers are watching how the exchange rate and commodity prices feed into inflation expectations.
The real had rallied about 20% from its May low near 6.00 per dollar.
Policy focus on currency and commodity-driven inflation signals how rates and the real may move, which matters for Brazilian export pricing of grains and meals.
whbl.comSyndicated ContentJun 9, 2020After 92 past neutral macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +0.4% 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.
