
Mohamed El-Erian suggested Brazil could be the next emerging-market currency to fall after Argentina and Turkey. The Brazilian real led major currency losses on Wednesday despite the central bank offering $1.5 billion in extra swap contracts.
Contagion from emerging-market currency stress can weaken the real and push down dollar prices of Brazilian feed exports. Expectations of further weakness could keep pressure on global soy and corn 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.
Real led major currency losses and contagion fears from Argentina and Turkey amplified sentiment-driven selling.