
Brazil's benchmark stock index plunged after Justice Minister Sergio Moro quit, and the real weakened to a record low against the dollar. Analysts cited renewed uncertainty over President Bolsonaro's governance.
Political turmoil driving the real to record lows makes Brazilian exports such as soybeans and meal cheaper in dollar terms, which can pressure global feed prices while raising import costs for Brazil's feed buyers.
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 117 peristiwa makro bearish sebelumnya, Bungkil Kedelai bergerak median -0,6% selama 5 sesi (41% lebih tinggi; separuh tengah -2,5% sampai +1,7%), dan +0,5% 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.
Moro's exit renewed political uncertainty over Bolsonaro's governance, driving risk-off capital outflows from Brazilian assets and weakening the real to a record low.
The same Moro resignation raised doubts about Bolsonaro's governance, pushing the Bovespa sharply lower and the real to a record low, reflecting risk-off sentiment and foreign outflows that weakened the currency.