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Brazil's October IPCA inflation rose 0.14% month on month, below expectations, with 12-month inflation at 4.63%. Markets also awaited a fiscal bill vote and external developments including Federal Reserve remarks.
Softer domestic inflation has limited direct effect on feed commodity prices; the outlook mainly affects Brazilian interest rates and the currency.
After 621 past macro events, Brazilian Real (BRL per USD) moved a median +0.2% over 5 sessions (53% higher; middle half -1.3% to +1.4%), and +0.6% 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.