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The GBP/BRL cross reached a five-month high of 5.1844 on Monday, meaning the real weakened against sterling. The move followed the arrest of former president Michel Temer on corruption charges and a smaller-than-expected cut to the military budget, which raised doubts about pension reform.
Gains eased slightly into Tuesday.
The move reflects a weaker real driven by political uncertainty, which can make Brazilian agricultural exports more competitive. The effect on feed commodity prices is modest because the report is a cross-rate update.
exchangerates.org.ukElaine Housten25 mrt 2019Na 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.
