Dollar spot retreats on fiscal adjustment expectations and real is best currency of the day

After 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.

• Jun 26, 2023USDBRL reflects Copom minutes, postponement of the fiscal framework and tax reform expectations+0.8%
• Aug 30, 2023EMERGING MARKETS-Latin American currencies up on weaker dollar; Brazil's real lags on rate-cut speculation+2.3%
• Jan 29, 2024One more cut from Brazil and the Selic is ‘neutral’ | opinions | ING THINK+1.1%
• Dec 2, 2019Brazil's cenbank head says real is floating currency after Trump criticism-1.2%
• Dec 6, 2022Brazil's real up ahead of fiscal policy discussion, Chile's c.bank decision eyed | Financial Post+1.4%

After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.

• Sep 11, 2020Euro Retreats after ECB Blows Hot and Cold On Currency Strength and 'No Deal' Brexit Risk Builds-0.4%
• Feb 23, 2018Chinese yuan against the dollar: China currency appreciation+0.6%
• May 30, 2025Could the euro topple the U.S. dollar as the world's reserve currency?-0.5%
• Oct 30, 2020Commodity currencies slide on oil, dollar braces for election | Financial Post-1.6%
• Jun 28, 2024Will the Canadian Dollar Soar This Summer? - Interchange Currency Exchange-0.7%