
The Paraguayan guaraní fell about 4.49% against the dollar on November 5 and about 8.20% over five days, making it the worst-performing currency globally. The Chamber of Deputies began debating impeachment proceedings against President Santiago Peña over the Ueno Bank intervention and deposit freeze.
The story is a local currency and political shock with little direct bearing on feed grain or protein supply. It has no clear mechanism to move soybean meal, corn or fishmeal prices.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), 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.