Memuat…
Latin American stocks and most currencies retreated from recent highs after Federal Reserve comments implied a long road to recovery from the coronavirus crisis. The Fed projected a 6.5% GDP decline this year and signaled years of continued monetary support.
Risk appetite weakened as investors reassessed the pace of economic recovery.
Weaker risk appetite tends to push EM currencies lower against the dollar, raising the cost of dollar-linked imports such as feed ingredients for Latam buyers. The effect on grain and meal prices is indirect.
reuters.comSusan Mathew10 Jun 2020Setelah 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.
Fed's cautious outlook on June 10 (6.5% GDP decline, prolonged stimulus) cut risk appetite and weakened EM currencies including the real, a sentiment channel that could contribute to a sharp BRL move.
