Laden…
The Brazilian real, the worst-performing floating EM currency in 2020, has recovered about 10% against the dollar over the last two weeks, returning to 5.3 per dollar from above 5.9. The article notes that the Covid-19 epidemic is accelerating sharply in Brazil and that capital flight and falling oil prices have weighed on the currency.
Dollar weakness and some EM recovery have supported the real's rebound.
The epidemic's spread weighs on Brazilian growth and feed demand, but the stronger real raises the local cost of Brazilian exports, which can marginally support global feed ingredient prices.
exportplanning.comAlba Di Rosa, Marzia Moccia, Marcello Antonioni29 mei 2020Na 244 eerdere neerwaarts gebeurtenissen van elke soort bewoog Braziliaanse real (BRL per USD) zich mediaan -0,4% over 5 sessies (43% hoger; middelste helft -1,7% tot +0,9%), en +0,1% 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.
Describes the real's roughly 10% rebound from above 5.9 to about 5.3 per dollar over two weeks, which matches the -7.5% USD/BRL move, attributing it to dollar weakness and an EM recovery; it is dated after the window but describes the same move.
