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The Brazilian real closed November 2019 at a record low against the U.S. dollar, at 4.24 per dollar on November 29, a 5.6% depreciation from October. The real was down 8.4% year to date, weighed on by interest rate cuts and a worsening trade balance.
A persistently weak real lowers the dollar price of Brazilian soybean meal, corn and other feed exports, pressuring global feed ingredient prices.
focus-economics.comAngelaDec 2, 2019After 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.
