
The Brazilian real fell sharply after a 3.91% drop on Friday and a further 1.44% decline on Monday, with its depreciation reaching its highest level since the start of the pandemic. The move reflected a stronger dollar as well as political tensions in Brasilia, including a presidential pardon of an allied congressman.
A weaker real can make Brazilian soybean and corn exports cheaper in dollar terms, which can add competitive pressure on world feed grain and meal prices.
Setelah 273 peristiwa makro bearish sebelumnya, Kedelai bergerak median -0,4% selama 5 sesi (44% lebih tinggi; separuh tengah -2,4% sampai +1,4%), dan -0,5% 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.
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.
Directly describes the BRL slide into 2022-04-25, citing a stronger dollar and Brasilia political tensions (presidential pardon) that hit sentiment and drove the further Monday decline.
A further 1.44% BRL decline on Monday amid a strong dollar and domestic political tension (presidential pardon) added to the depreciation via risk premium.