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Brazilian stocks posted their steepest fall since 1998 and the real hit a historic low of 5.00 per dollar. The article is a headline page with little further detail.
A sharp currency drop makes Brazilian exports cheaper in dollar terms, which is mildly bearish for dollar prices of Brazilian grains.
reuters.comMar 12, 2020Not 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.
Same-day Brazilian stock crash and the real breaching a record low of 5.00 per dollar reflect the risk-off sentiment and capital outflows behind the 3.67% BRL depreciation.
On March 12 the real hit a record low of 5.00 as Brazilian stocks suffered their steepest fall since 1998, reflecting risk-off capital flight.
The record-low real and steepest stock fall since 1998 on March 12 reflect the risk-off, capital-outflow sentiment that likely continued into March 16.
