# Brazilian real depreciation stirs economic concerns

> The Brazilian real weakened to R$5.79 per dollar last week, alarming market participants. Top 5 Focus survey forecasters expect an upward bias in the exchange rate, with some relief by year-end. Concerns about U.S. hard-landing risk and Brazilian fiscal uncertainty weigh on the currency.

- Date: 2024-08-05 · published 2024-08-05T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/11941-brazilian-real-depreciation-stirs-economic-concerns
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A weaker real makes Brazilian soy, corn and meal exports cheaper in dollar terms, supporting export competitiveness and pressuring global soybean meal and corn prices lower while raising import costs for Brazilian feed buyers.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-02-23 | [USD/BRL: Brazilian real set to depreciate modestly versus the dollar over the next year – Capital Economics — Octa](https://feedsoft.ai/events/48849-usd-brl-brazilian-real-set-to-depreciate-modestly-versus-the-dollar-over-the.md) | +1.7% | +1.0% |
| USDBRL | 2024-07-02 | [Stress in domestic market continues, pressures Brazilian real](https://feedsoft.ai/events/9453-stress-in-domestic-market-continues-pressures-brazilian-real.md) | -2.8% | +1.2% |
| USDBRL | 2021-10-19 | [Brazil's real slumps on fiscal concerns, Petrobras slides](https://feedsoft.ai/events/44780-brazil-s-real-slumps-on-fiscal-concerns-petrobras-slides.md) | +1.4% | -0.4% |
| USDBRL | 2024-07-29 | [Economic uncertainties still prevent rate cut in Brazil, official says \| Reuters](https://feedsoft.ai/events/29478-economic-uncertainties-still-prevent-rate-cut-in-brazil-official-says-reuters.md) | +1.4% | -2.6% |
| USDBRL | 2020-11-11 | [Brazil's real, Mexican peso hit by tepid economic data \| Financial Post](https://feedsoft.ai/events/50377-brazil-s-real-mexican-peso-hit-by-tepid-economic-data-financial-post.md) | -1.2% | -5.9% |
| SBM | 2024-06-27 | [Market confidence wanes, weakening Brazilian real](https://feedsoft.ai/events/29988-market-confidence-wanes-weakening-brazilian-real.md) | +1.8% | -2.9% |
| SBM | 2026-06-02 | [Brazilian Real: Politics drive correction against US Dollar – Commerzbank](https://feedsoft.ai/events/12077-brazilian-real-politics-drive-correction-against-us-dollar-commerzbank.md) | -8.7% | -9.3% |
| SBM | 2017-06-26 | [Slumping Commodity Prices Pressure the Brazilian Real in 2Q17](https://feedsoft.ai/events/70712-slumping-commodity-prices-pressure-the-brazilian-real-in-2q17.md) | +3.7% | +11.0% |

## Sources

- valorinternational.globo.com: https://valorinternational.globo.com/economy/news/2024/08/05/brazilian-real-depreciation-stirs-economic-concerns.ghtml

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.