
The Brazilian real fell to fresh yearly lows against the US dollar on August 29, 2018, ahead of the October elections. It recovered later in the session even as other emerging-market currencies, including the Turkish lira, came under pressure.
ABN AMRO says the real has lost close to 20% against the dollar this year and that its fundamentals are stronger than its current pricing suggests.
The real's sharp 2018 depreciation makes Brazilian soy, corn and meal cheaper for dollar buyers and encourages Brazilian export selling. If the currency recovers on better risk sentiment, Brazilian export prices would firm.
Na 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.