
Brazil's real fell to a three-month low of 5.73 per dollar on Tuesday and closed at 5.6662, its weakest close since November 2020. The central bank sold more than $2 billion in spot FX on the day, and over $5 billion since the previous Thursday, without reversing the slide.
Investors were worried about the government's fiscal position.
A weaker real makes Brazilian soybeans, corn and meal cheaper in dollar terms, which encourages farmers and exporters to sell and can pressure world feed grain and meal prices. Central bank intervention has limited effect when the driver is fiscal, so the currency weakness may persist.
過去の強気なマクロイベント301件の後、ブラジルレアル(1 USDあたりBRL) は5営業日で中央値 +0.4% 動き(57% が上昇。中央50%は -1.2% から +1.7%)、20営業日では +1.0% 動きました。
イベント直前の終値からの各商品ベンチマークの動き。過去の傾向は同種の過去イベントをまとめたものであり、起きたことを示すもので、今後を示すものではありません。投資助言ではありません。
Real hit a three-month low on fiscal worries despite heavy central bank dollar sales, which shows strong sentiment-driven selling pressure that plausibly carried into the March 4 move, though it is dated a day earlier and the exact size of the 3.34% move is not explained.