
Foreign investors cut their bets against the Brazilian real by $35.4 billion since December, driving the dollar down about 8% against the real this year. Several banks raised their year-end real forecasts as a result.
Unwinding of speculative positions has strengthened the real, which raises Brazilian export costs in dollar terms and can support prices for Brazilian soybeans and meal. The move is a currency-flow driver rather than a supply event.
Setelah 92 peristiwa makro netral sebelumnya, Real Brasil (BRL per USD) bergerak median +0,4% selama 5 sesi (58% lebih tinggi; separuh tengah -0,7% sampai +1,4%), dan +0,4% 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.