# Dollar falls and stock market sets new record - ANBA News Agency

> The Brazilian real strengthened about 1.7% against the dollar on January 2, 2019, the first working day of Jair Bolsonaro's administration. The Ibovespa rose 3.56% to a record 91,012 points, with Eletrobras and Taurus among the top performers.

- Date: 2019-01-02 · published 2019-01-02T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/12356-dollar-falls-and-stock-market-sets-new-record-anba-news-agency
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A stronger real and rising equities reflect investor optimism about the new government's reforms, which makes Brazilian exports such as soybeans and meal relatively more expensive in dollar terms and can weigh on feed export pricing.

## Read by commodity

- USDBRL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDBRL | 2019-01-03 | 5 | -4.6% | -3.0 | Real strengthened about 1.7% on Bolsonaro's first working day alongside a record Ibovespa, showing risk-on inflows that contributed to the BRL appreciation. |

## Sources

- anba.com.br: https://anba.com.br/en/dollar-falls-and-stock-market-sets-new-record/

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