◂ Event Timeline

Aug 8, 2017MACROBrazil

Forget Cheap Brazil, It's About To Get Expensive Again

A Forbes piece says the Brazilian real is expected to strengthen markedly in 2017, citing a forecast that it will end the year at R$3 to the dollar. The text is a short excerpt and also notes the currency's year-to-date gain against the dollar.

WHY IT MATTERS

A stronger real makes Brazilian agricultural exports more expensive in dollar terms, which can marginally support competing feed prices. The piece is a currency forecast with no direct supply change, so the effect is small.

AFFECTSBrazilian Real (BRL per USD)▼

SOURCE
forbes.comKenneth RapozaAug 8, 2017

Price reaction & history

Brazilian Real (BRL per USD)▼bearishSO FAR1d +0.2%5d +1.6%20d -0.1%

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.

Feb 1, 2022Brazil Real Gains as Lula Woos Centrist to Join Ticket+0.1%
Dec 4, 2018Brazil stocks gain; real firms as U.S. dollar weakens+2.1%
Nov 16, 2018Brazil gains on Bolsonaro's choice to head central bank, Mexican peso falls+1.0%
Feb 17, 2023Brazil’s Central Bank Head Extends Hand to Lula, But Maintains Key Demands-0.9%
Jan 23, 2022Foreign investors pare bets against Brazilian real-0.5%

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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