
Brazil's and Mexico's currencies weakened on Tuesday after stronger-than-expected US industrial data. The data reinforced expectations that the Federal Reserve would raise interest rates in December.
A weaker real and peso raise the local-currency cost of imported feed ingredients and can increase export competitiveness for Brazilian and Mexican meat and grain sellers.
Setelah 301 peristiwa makro bullish sebelumnya, Real Brasil (BRL per USD) bergerak median +0,4% selama 5 sesi (57% lebih tinggi; separuh tengah -1,2% sampai +1,7%), dan +1,0% selama 20 sesi.
Belum cukup peristiwa historis yang sebanding untuk analisis historis.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Strong US data raised expectations of a December Fed hike and a firmer dollar, pressuring EM currencies including the real, but the stated weakening is dated Tuesday and may not match the move ending Nov 1.