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Brazil's Treasury Secretary Rogerio Ceron said the new fiscal framework is boosting investor confidence and drawing foreign demand for local bonds. The real has risen 2.6% since the plan was announced, leading gains among emerging-market currencies.
The framework caps spending growth at 70% of revenue growth, or 50% when budget targets are missed.
A stronger real makes dollar-priced Brazilian exports such as soybeans and corn relatively more expensive for importers and can slow farmer sales, a mild support for global prices. Falling interest rate expectations also weigh on the currency less than expected.
bloomberglinea.comMartha Beck13 apr 2023Na 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.
