The dollar fell for a sixth straight session against the real on Wednesday, closing down 0.48% at 5.4601 reais. The Federal Reserve had cut its policy rate by 50 basis points to 4.75%-5.00%, a larger move than the 25 basis points many had expected, making Brazilian assets more attractive.
A stronger real lowers the cost of imported inputs and makes dollar-priced Brazilian exports less competitive, which can soften the price outlook for Brazilian soy and corn sold abroad. The Fed's larger-than-expected cut is a meaningful driver of the currency move.
Setelah 213 peristiwa makro bearish sebelumnya, Real Brasil (BRL per USD) bergerak median -0,2% selama 5 sesi (46% lebih tinggi; separuh tengah -1,5% sampai +0,9%), dan +0,2% 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 Fed's outsized 50 bp cut on Sept 18 weakened the USD and lifted demand for higher-yielding Brazilian assets, extending the dollar's sixth straight session of declines against the real.