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The Brazilian real fell against the US dollar as the dollar strengthened against many currencies. Analysts attributed part of the real's slide to investor concerns over a recent nationwide truckers' strike.
A weaker real cheapens Brazilian grain and meal exports in dollar terms, which can weigh on global feed prices. The truckers' strike also raises logistics risk for Brazilian farm movements.
apnews.comJun 6, 2018After 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.
Dollar strength and truckers' strike concerns contributed to the real's decline, though the report is generic.
