Brazil's real weakened against the dollar on Monday after Lula won the presidential election over incumbent Jair Bolsonaro, who had not yet conceded. The real was down 0.7% in early trading after falling as much as 2% earlier, and interest rate futures rose sharply.
Political uncertainty over the transition weighed on the real, which raises the cost of Brazilian exports priced in dollars and can support soybean and corn values in dollar terms. The price effect is modest and depends on whether the result is accepted.
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.
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.