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Brazil's central bank statistics chief said the recent dollar rise against the real will slow the growth of Brazilians' international travel spending rather than cut it. The dollar averaged BRL 3.61 this month, up from BRL 3.21 a year earlier.
This is a currency-driven consumer spending story with no direct effect on grain, oilseed or livestock supply or demand. Its relevance to feed prices is minimal.
anba.com.brAgência BrasilMay 24, 2018After 621 past macro events, Brazilian Real (BRL per USD) moved a median +0.2% over 5 sessions (53% higher; middle half -1.3% to +1.4%), and +0.6% 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.
