
The Brazilian real weakened as much as 2% to 3.78 per dollar, its weakest since March 2016, as a global emerging market selloff led investors to unwind bets on stronger EM currencies. The currency fell for a sixth straight day despite increased central bank intervention, and had lost 11.3% since the start of the year.
Rising US bond yields, driven by expectations of Fed rate hikes, were pulling capital out of higher-yielding emerging markets.
A weaker real lowers the dollar cost of Brazilian soybeans, corn and meal, which tends to pressure world feed grain and meal prices while encouraging Brazilian export selling. Feed importers may benefit from cheaper Brazilian origin, but volatility adds hedging costs.
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。
Directly describes the real's slump to 3.78 per dollar on 2018-05-18 for a sixth straight day despite central bank intervention, as an EM selloff and rising US yields drove capital out, which is the move in question.