The real hit its lowest nominal level in its 25-year history during the Covid-19 market panic. Analysts attribute the decline to a mix of global risk aversion, concerns about Brazil's growth, and political friction between President Bolsonaro and Congress.
Domestic political stress on top of the global sell-off suggests the real may stay weak longer, which keeps Brazilian export commodities competitive in dollar terms. The effect is bearish for dollar prices of Brazilian grains.
과거 상승 거시 이벤트 301건 이후, 브라질 헤알 (USD당 BRL)은 5거래일 동안 중앙값 +0.4% 변동(상승 57%; 중간 50% 범위 -1.2%~+1.7%), 20거래일 동안 +1.0%.
각 품목 벤치마크의 이벤트 직전 종가 대비 변동. 과거 수치는 같은 유형의 과거 이벤트를 합산한 것으로, 일어난 일을 설명할 뿐 앞으로 일어날 일이 아닙니다. 투자 자문이 아닙니다.
Analysis attributing the real's record-low rout to global Covid-19 risk aversion, growth concerns and political friction explains the demand for dollars and the weaker BRL.
Published days before the move, it attributes the real's record-low rout to global risk aversion, Brazil growth worries and Bolsonaro-Congress friction, which are sentiment drivers that carried into the March 16 drop.
Global risk aversion, growth worries and political friction with Congress pushed the real to record lows, giving the underlying drivers of the depreciation.