Brazil central bank to continue FX intervention on Wednesday as real nears record low

After 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.

• Mar 9, 2020Brazil central bank to continue FX intervention as long as it takes to calm market | Financial Post+2.7%
• Jan 17, 2017Brazil real strengthens 1 pct as central bank resumes intervention-1.2%
• Apr 17, 2017EMERGING MARKETS-Brazil real jumps on central bank intervention+0.1%
• Jun 22, 2021Brazil's real bucks Latam gloom on hawkish central bank minutes - Markets - Business Recorder-1.7%
• Jan 20, 2021Brazil's real rises ahead of c.bank meeting, rest of Latam trails - Markets - Business Recorder+1.5%

After 73 past neutral macro events, Soybean Meal moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +2.1%), and -1.6% over 20.

• Aug 30, 2024Brazil Real Swings on Fiscal Woes, Central Bank Interventions+3.0%
• Aug 30, 2024Spot dollar closes higher for the 5th session despite interventions by the Central Bank | Brasil 247+3.0%
• Feb 14, 2020Brazil's FX intervention may give respite - NYK Daily-0.9%
• Aug 31, 2018Argentina peso firms as central bank intervenes, IMF voices support+4.2%
• Dec 10, 2020Brazil's real jumps after central bank hints at end of easing cycle | Financial Post+2.6%