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Weekly emerging markets roundup: the Reserve Bank of India cut all policy rates by 25 bp to start an easing cycle, Czech National Bank hiked, and Bank Indonesia leaned more dovish. Brazil's Temer survived a lower-house corruption vote, and the US sanctioned Venezuela's Maduro and signed a Russia sanctions bill.
Currency and rate moves in EM (notably BRL, COP, INR and ZAR) shift the cost of imported feed inputs and the competitiveness of Brazilian and South American export supply, but this is a general wrap with no direct grain or feed price driver.
investing.comAug 6, 2017After 92 past neutral macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +0.4% 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.
