
The Brazilian real fell nearly 4% on Friday, leading losses among major emerging-market currencies. The move followed comments from Federal Reserve Chair Jerome Powell that a half-point rate hike would be on the table, and the dollar rose to a more than two-year high.
Expectations of aggressive US rate hikes strengthen the dollar and pressure emerging-market currencies, which raises the cost of Brazilian dollar-priced exports and can weigh on global feed commodity 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.
Setelah 2.356 peristiwa makro bullish sebelumnya, Dolar AS (Luas) bergerak median +0,2% selama 5 sesi (60% lebih tinggi; separuh tengah -0,3% sampai +0,7%), dan +0,4% 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.
Powell's signal of a 50bp hike lifted the dollar to a two-year high and drove a ~4% one-day BRL drop, the largest single contributor to the 5-day move (currency/sentiment).
The Friday 4/22 near-4% BRL drop on Powell's hawkish comments (50bp hike) and a two-year-high dollar set the stage and carried momentum into the Monday move, though it falls just before the window.