
Rabobank analysts say Brazilian assets are moving mainly with global developments, including a rise in US Treasury yields and US dollar strength tied to expected Fed tightening. The real weakened 1.2% last week, and the economy and job market continue to improve gradually while fiscal outlook remains clouded by rising debt and mandatory spending.
A weaker real lowers the dollar cost of Brazilian soybeans, meal and corn, which can pressure world feed prices, though the effect is modest in this market commentary.
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.