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The dollar fell for a sixth straight session against the real on Wednesday, closing down 0.48% at 5.4601 reais. The Federal Reserve had cut its policy rate by 50 basis points to 4.75%-5.00%, a larger move than the 25 basis points many had expected, making Brazilian assets more attractive.
A stronger real lowers the cost of imported inputs and makes dollar-priced Brazilian exports less competitive, which can soften the price outlook for Brazilian soy and corn sold abroad. The Fed's larger-than-expected cut is a meaningful driver of the currency move.
en.brasil247.comRedação Brasil 24718 sep 2024Na 213 eerdere neerwaarts macro-gebeurtenissen bewoog Braziliaanse real (BRL per USD) zich mediaan -0,2% over 5 sessies (46% hoger; middelste helft -1,5% tot +0,9%), en +0,2% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
The Fed's outsized 50 bp cut on Sept 18 weakened the USD and lifted demand for higher-yielding Brazilian assets, extending the dollar's sixth straight session of declines against the real.
