
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.
在过去 244 次看跌各类事件之后,巴西雷亚尔(每 USD 的 BRL) 在 5 个交易日内中位数变动 -0.4%(43% 上涨;中间一半区间为 -1.7% 至 +0.9%),20 个交易日内为 +0.1%。
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。
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.