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A top forecaster expects Brazil's currency turmoil to be contained, citing the legacy of reform-minded President Michel Temer. The real posted the largest return among global currencies last year, and Temer faced a political scandal last month that could lead to his ouster.
Political risk and a weak real raise the cost of Brazilian-origin feed ingredients priced in dollars, while a stronger real would make Brazilian exports cheaper for buyers in dollar terms.
bloomberg.comAline OyamadaJun 6, 2017After 92 past neutral macro events, USDBRL moved a median +0.4% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +0.4% 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.
