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Latin American central banks are reported to be looking past COVID-19 as inflation risks build. Brazil's real fell nearly 8% in the first quarter of 2021, then rebounded to be the top performer in the second quarter with a gain of more than 13%.
Tighter Brazilian monetary policy and a firmer real tend to lower the cost of imported inputs, which can ease pressure on feed-ingredient prices priced in dollars.
reuters.comAbraham GonzalezJul 2, 2021After 621 past macro events, USDBRL 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.
