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Lloyds Bank analysts say the Brazilian real is overvalued by about 13% against the US dollar. They expect the real to weaken modestly as pension reform meets resistance in Congress and the central bank cuts rates.
The bank frames a weaker real as only a partial retracement of last year's gains.
A weaker real would make Brazilian agricultural exports cheaper in dollar terms, supporting Brazilian competitiveness in soy, meal and corn and potentially pressuring global prices.
在过去 301 次看涨的宏观事件之后,巴西雷亚尔(每 USD 的 BRL) 在 5 个交易日内中位数变动 +0.4%(57% 上涨;中间一半区间为 -1.2% 至 +1.7%),20 个交易日内为 +1.0%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件;仅描述已发生的情况,不代表未来走势。不构成投资建议。