# Dollar weakens after IPCA data and amid risk appetite abroad | Brasil 247

> The spot dollar fell about 0.95% against the real on Friday to around 5.52 reais after IPCA inflation data slightly exceeded expectations at 0.38% monthly. Investors also responded to a recovery in risk appetite abroad. Gasoline and airfares were key drivers of the July inflation jump.

- Date: 2024-08-09 · published 2024-08-09T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/11946-dollar-weakens-after-ipca-data-and-amid-risk-appetite-abroad-brasil-247
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Higher-than-expected inflation boosts expectations of Selic hikes, supporting the real and modestly lowering the dollar cost of Brazilian commodity exports such as soybean meal and corn.

## Read by commodity

- USDBRL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDBRL | 2024-08-12 | 5 | -4.2% | -3.1 | On Aug 9 the dollar fell about 0.95% to roughly 5.52 as risk appetite recovered abroad and the IPCA data reinforced expectations of a hawkish central bank, both supporting BRL. |

## Sources

- en.brasil247.com: https://en.brasil247.com/economia/dolar-recua-apos-dados-do-ipca-e-em-meio-a-apetite-por-risco-no-exterior

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