
The Brazilian real fell to fresh yearly lows against the US dollar on August 29, 2018, ahead of the October elections. It recovered later in the session even as other emerging-market currencies, including the Turkish lira, came under pressure.
ABN AMRO says the real has lost close to 20% against the dollar this year and that its fundamentals are stronger than its current pricing suggests.
The real's sharp 2018 depreciation makes Brazilian soy, corn and meal cheaper for dollar buyers and encourages Brazilian export selling. If the currency recovers on better risk sentiment, Brazilian export prices would firm.
過去の弱気なマクロイベント213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 -0.2% 動き(46% が上昇。中央50%は -1.5% から +0.9%)、20営業日では +0.2% 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。