
The Brazilian real weakened about 6.2% to 3.31 per dollar after a newspaper reported that President Temer encouraged payments to a jailed former congressman. Mr. Temer has denied wrongdoing, and the report raised doubts about the government's ability to pass key economic reforms.
Uncertainty over reforms and the currency's sharp fall make Brazilian export commodities cheaper for foreign buyers, which can pressure global soybean and meal prices.
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.
Setelah 223 peristiwa kebijakan bearish sebelumnya, Bungkil Kedelai bergerak median -0,3% selama 5 sesi (45% lebih tinggi; separuh tengah -2,2% sampai +1,2%), dan -0,6% 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.
Report that Temer encouraged hush-money payments triggered a ~6% real plunge to 3.31 per dollar and raised doubts over reform passage, directly driving the 5-day BRL move ending May 18.
Reports that Temer encouraged hush-money payments triggered the real's plunge on 2017-05-18, a sentiment and political-risk shock that cast doubt on reform passage and drove capital out of BRL.