The Brazilian central bank unanimously kept the Selic rate at 13.75% after five consecutive 0.25-point cuts, citing higher inflation ahead and wider uncertainty. The dollar traded slightly lower against the real, at about R$5.43, on Thursday morning.
A pause in Brazil's easing cycle keeps domestic interest rates high, which supports the real and lowers the cost of dollar-priced imports. For feed buyers, a firmer real can ease the cost of imported feed ingredients priced in dollars.
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.
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.