
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.
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.
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.