読み込み中…
The real accelerated its depreciation in early March 2020, with the dollar closing at $4.58 on Wednesday and the real down 13.9% year to date by Thursday. The central bank's $1 billion FX swap intervention failed to halt the decline.
Markets priced in further Selic rate cuts after the US Fed's 50 basis point cut, and Brazil's 2019 growth was confirmed at 1.1%.
Currency weakness and expected rate cuts raise the risk of a slowdown in Brazilian demand and make Brazilian export supply cheaper in dollars. Brazil's heavy reliance on China, which takes 27.6% of its exports, adds to the downside risk for agricultural prices.
euromoney.comRob Dwyer2020/03/06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。
Dated a day after the move, but describes the accelerating early-March real depreciation, failed central bank swap intervention and Selic cut pricing that contributed to the same slide, though it is partly confirmatory rather than a distinct driver.
