# Dollar closes lower amid external relief and Copom minutes | Brasil 247

> The spot dollar closed at 5.6588 reais on Tuesday, down 1.44% after a surge in prior sessions, as global markets eased recession fears. Brazil's Copom minutes signaled the central bank may raise the Selic rate in the short term if needed to curb inflation.

- Date: 2024-08-06 · published 2024-08-06T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/11947-dollar-closes-lower-amid-external-relief-and-copom-minutes-brasil-247
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Expectations of Selic hikes support the real and can make Brazilian commodity exports pricier in dollar terms, while the easing of global risk aversion affects emerging-market currency flows relevant to feed trade.

## Read by commodity

- USDBRL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDBRL | 2024-08-06 | 1 | -1.9% | -3.1 | On 2024-08-06 the dollar closed down 1.44% against the real as global recession fears eased and Copom minutes hinted at possible Selic hikes, which directly explains the real's rebound (sentiment and rate-differential mechanism). |
| USDBRL | 2024-08-12 | 5 | -4.2% | -3.1 | On Aug 6 the dollar fell 1.44% against the real as global recession fears eased and Copom minutes hinted at a possible Selic hike, which supports BRL through risk sentiment and the rate differential. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-03-23 | [Brazil real up on hawkish Copom minutes, EM peers hit by strong dollar \| Financial Post](https://feedsoft.ai/events/48307-brazil-real-up-on-hawkish-copom-minutes-em-peers-hit-by-strong-dollar-financial.md) | +4.5% | +0.7% |
| USDBRL | 2024-09-26 | [Dollar falls against real after China signals more economic stimulus \| Brasil 247](https://feedsoft.ai/events/28516-dollar-falls-against-real-after-china-signals-more-economic-stimulus-brasil-247.md) | -0.8% | +4.1% |
| USDBRL | 2025-01-09 | [Brazil's real seen more stable; to trade close to 6 per U.S. dollar at end-2025: Reuters poll](https://feedsoft.ai/events/26709-brazil-s-real-seen-more-stable-to-trade-close-to-6-per-u-s-dollar-at-end-2025.md) | -1.3% | -5.8% |
| USDBRL | 2025-09-26 | [Dollar weakens against the real after US inflation data \| Brasil 247](https://feedsoft.ai/events/23088-dollar-weakens-against-the-real-after-us-inflation-data-brasil-247.md) | +0.4% | +0.7% |
| USDBRL | 2024-09-18 | [Dollar falls for the 6th session against the real after larger interest rate cut by the Fed \| Brasil 247](https://feedsoft.ai/events/12466-dollar-falls-for-the-6th-session-against-the-real-after-larger-interest-rate.md) | -0.6% | +2.9% |

## Sources

- en.brasil247.com: https://en.brasil247.com/economia/dolar-fecha-em-queda-com-alivio-externo-e-ata-do-copom

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