Brazil's currency and markets came under pressure after Donald Trump was confirmed as US president. The US dollar opened at 3.248 reais, up 2.59 percent, and several analysts forecast further real weakness toward 3.40 to 3.60 per dollar.
Analysts expected a negative impact on the Bovespa stock index.
Analysts expect a weaker real to push up Brazil's import costs and inflation, which may slow monetary easing. For feed buyers, a stronger dollar raises the cost of dollar-priced imported ingredients while supporting Brazilian export competitiveness.
Após 301 eventos altista de macro passados, Real brasileiro (BRL por USD) subiu em mediana +0,4% em 5 sessões (57% de alta; metade central de -1,2% a +1,7%), e +1,0% em 20.
Após 2.356 eventos altista de macro passados, Dólar americano (amplo) subiu em mediana +0,2% em 5 sessões (60% de alta; metade central de -0,3% a +0,7%), e +0,4% 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.
Trump's election win on 2016-11-09 triggered a sentiment-driven selloff in emerging-market assets, with USD/BRL opening up about 2.6%, which accounts for much of the move ending 2016-11-10.
Trump's election win on Nov 9 triggered an immediate sell-off in the real (USD opened +2.59% at 3.248), starting the 5-day move via risk-off and EM capital flight sentiment.
The real fell 2.6% against the dollar on 2016-11-09, showing EM currency weakness that contributed to the broad dollar index gain, though it is one currency's view.