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Brazil's real fell about 0.5% to 4.25 per dollar at the Monday open after U.S. President Donald Trump said he would immediately restore tariffs on Brazilian steel and aluminum imports. The currency had slumped to a record low near 4.28 the previous week, prompting central bank dollar sales.
A weaker real makes Brazilian soymeal, corn and other feed exports cheaper in dollar terms, supporting Brazilian export competitiveness while raising the cost of U.S.-origin inputs for Brazil.
reuters.comDec 2, 2019After 16 past bullish trade events, USDBRL moved a median -0.3% over 5 sessions (44% higher; middle half -1.4% to +1.9%), and +0.9% 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.
