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Brazil's real rose for a fifth straight day on May 26, 2020, its longest winning streak against the dollar this year, and gained about 10% since the start of the previous week. The rally was driven by buoyant global markets and easing domestic political tension, with the dollar seen possibly falling below 5.00 reais.
A stronger real makes Brazilian soybeans and corn cheaper to sell abroad in dollars, which can weigh on Brazilian export prices and support export competitiveness. Brazil's currency moves also affect the cost of imported feed inputs for Brazilian producers.
whbl.comSyndicated ContentMay 26, 2020After 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.
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.
