
ING economists expect the Brazilian real to outperform this summer despite a recent correction from a low near 4.89 per dollar. They cite Brazil's record trade surplus, improving COVID-19 case numbers and a hawkish central bank that may move to 100 basis point hikes.
ING expects commodity prices to hold gains this year.
A forecast of a firmer real and sustained commodity prices signals that Brazilian export values may stay supported, which is a background factor for feed ingredient pricing rather than an immediate driver.
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.