Loading…
Emerging-market weekly roundup: Malaysia's central bank hiked rates for the first time in four years and Pakistan unexpectedly hiked, while Argentina cut 75 bp for a second straight time. Korea asked state banks and companies to limit global bond issuance, and a Brazilian appeals court upheld Lula's graft sentence.
Brazil, Turkey and Colombia led MSCI EM equity gains while ZAR, BRL and MYR led EM currencies versus the dollar.
Rate moves and currency strength in Brazil, South Africa and Malaysia shift the cost of imported feed inputs and the purchasing power of buyers in those markets. A firmer real or rand tends to modestly support local feed-import demand for soymeal and corn.
marctomarket.comJan 26, 2018After 213 past bearish macro events, USDBRL 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.
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.
