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The Brazilian real rallied more than 7% against the dollar over four weeks, with USD/BRL falling from 3.3485 to 3.1111 before stabilising near 3.1450. The move followed reduced odds of corruption charges against President Temer and Senate approval of a labour reform.
A stronger real makes Brazilian grain and meal exports more expensive in dollar terms, which can support Brazilian-origin soybean and corn prices in USD while the currency trend persists.
actionforex.comSwissquote Bank SAJul 25, 2017After 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.
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.
