◂ Event Timeline

Jul 13, 2018MACROBrazil

Brazil: BRL now seems more aligned with global market moves - Rabobank

Latin American currencies rose on July 21 after Trump criticized Fed rate policy and urged weaker dollar conditions. The Brazilian real gained about 2%, the Chilean peso 0.57% and the Mexican peso 0.06%.

WHY IT MATTERS

A stronger real raises the dollar cost of Brazilian exports, which can modestly support US and global grain and meal prices relative to Brazilian supply.

AFFECTSBrazilian Real (BRL per USD)▼

SOURCE
forexcrunch.comFX StreetJul 13, 2018

Price reaction & history

Brazilian Real (BRL per USD)▼bearishSO FAR1d +0.5%5d +0.9%20d -0.8%

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.

May 24, 2021EMERGING MARKETS-Cenbank forex swap buoys Brazil' real - Costa Alegre Restaurant-2.0%
Oct 19, 2021Brazil central bank intervenes in FX market rattled by new spending | Financial Post+1.4%
Nov 26, 2020Brazilian Real is the most undervalued EM currency - IIF - Forex Crunch-3.0%
Sep 19, 2024Brazil’s Central Bank resumes tightening as Fed moves toward easing-0.0%
Apr 24, 2023Brazil woos sceptical foreign investors with new fiscal plan | Reuters-0.9%

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.

Brazilian Real (BRL per USD) USDBRL · GP ▸

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