
Brazil's finance minister and Congressional leaders sought to calm markets after the real hit a record low of 6.11 per dollar during a two-session sell-off. The currency pared losses but still closed at a record of about 6 per dollar, amid concerns over tax changes.
Persistent currency weakness driven by tax and fiscal doubts raises import costs for feed ingredients and can prompt higher domestic prices in Brazil.
Setelah 12 peristiwa kebijakan bullish sebelumnya, Real Brasil (BRL per USD) bergerak median +1,5% selama 5 sesi (58% lebih tinggi; separuh tengah -1,1% sampai +2,0%), dan +2,3% selama 20 sesi.
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.
The two-session sell-off to a record low of 6.11 on Nov 29 confirms the fiscal and tax-change concerns drove the real weaker, though official calming efforts partly pared losses.