Laden…
Latin American stocks and most currencies retreated from recent highs after Federal Reserve comments implied a long road to recovery from the coronavirus crisis. The Fed projected a 6.5% GDP decline this year and signaled years of continued monetary support.
Risk appetite weakened as investors reassessed the pace of economic recovery.
Weaker risk appetite tends to push EM currencies lower against the dollar, raising the cost of dollar-linked imports such as feed ingredients for Latam buyers. The effect on grain and meal prices is indirect.
reuters.comSusan Mathew10 jun 2020Na 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.
Fed's cautious outlook on June 10 (6.5% GDP decline, prolonged stimulus) cut risk appetite and weakened EM currencies including the real, a sentiment channel that could contribute to a sharp BRL move.
