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A Reuters poll of analysts expects emerging-market currencies to recover after heavy selling in August. It forecasts the rand near 14.00 per dollar, the Brazilian real at 3.79 and the Argentine peso at 34.135 within a year.
The Argentine peso is the most heavily sold of the group.
If these currencies firm against the dollar, the cost of dollar-priced feed ingredients falls for buyers in Brazil, South Africa and Argentina, which can support their demand. The forecasts are only expectations and do not, on their own, move prices.
reuters.comVuyani NdabaSep 6, 2018After 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.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
