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Brazil's central bank Copom is expected to cut the Selic rate by 0.25 percentage points at its November meeting, according to Banco Safra chief economist Carlos Kawall. Kawall said he does not expect a larger 0.5-point cut that many analysts had predicted, citing caution after Donald Trump's election win.
He also noted that 10-year US Treasury yields have risen above 2%.
A stronger dollar and higher Brazilian risk premium weaken the real, which raises import costs and inflation expectations for Brazil and can make Brazilian soybean and corn exports more competitive in dollar terms. A smaller rate cut keeps domestic financing tighter, which can weigh on local demand for feed.
bnamericas.com11 nov 2016Na 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.
Na 2.356 eerdere opwaarts macro-gebeurtenissen bewoog Amerikaanse dollar (breed) zich mediaan +0,2% over 5 sessies (60% hoger; middelste helft -0,3% tot +0,7%), en +0,4% 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.
