The dollar fell for a sixth straight session against the real on Wednesday, closing down 0.48% at 5.4601 reais. The Federal Reserve had cut its policy rate by 50 basis points to 4.75%-5.00%, a larger move than the 25 basis points many had expected, making Brazilian assets more attractive.
A stronger real lowers the cost of imported inputs and makes dollar-priced Brazilian exports less competitive, which can soften the price outlook for Brazilian soy and corn sold abroad. The Fed's larger-than-expected cut is a meaningful driver of the currency move.
Após 213 eventos baixista de macro passados, Real brasileiro (BRL por USD) subiu em mediana -0,2% em 5 sessões (46% de alta; metade central de -1,5% a +0,9%), e +0,2% em 20.
Variações do benchmark de cada commodity desde o último fechamento antes do evento. As leituras históricas agregam eventos passados do mesmo tipo; descrevem o que aconteceu, não o que vai acontecer. Não é recomendação de investimento.
The Fed's outsized 50 bp cut on Sept 18 weakened the USD and lifted demand for higher-yielding Brazilian assets, extending the dollar's sixth straight session of declines against the real.