Brazil's real reversed early gains to trade about 1% lower after the central bank kept the Selic rate at a record 2.00% and dropped its forward guidance on low rates. Investors focused on fiscal policy concerns and the need for stimulus against a record budget deficit.
Fiscal doubts and a hawkish shift in guidance weaken the real, which makes Brazilian dollar-priced exports such as soymeal cheaper for foreign buyers. This can pressure South American feed ingredient prices.
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.