Laden…
The Brazilian real fell to a 2.5-year low against the dollar, with USD/BRL moving above 4.00. Danske Bank analyst Jens Pedersen linked the move to worries that reform-oriented candidates have weak support ahead of the presidential election.
A sharply weaker real raises the cost of imported feed ingredients for Brazilian buyers and can pull in more Brazilian soybean and corn exports, supporting dollar-denominated grain prices. Analysts also flagged a possible central bank rate hike to defend the currency.
forexcrunch.comFX Street22 aug 2018Na 301 eerdere opwaarts macro-gebeurtenissen bewoog Braziliaanse real (BRL per USD) zich mediaan +0,4% over 5 sessies (57% hoger; middelste helft -1,2% tot +1,7%), en +1,0% 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.
Election-related worries about weak support for reform-oriented candidates drove the real to a 2.5-year low in the window, a direct sentiment/risk-premium driver.
