# EMERGING MARKETS-Brazil's real firms against dollar, bucking Latam trend — Spot On New Mexico

> Brazil's real strengthened against the US dollar on January 2, 2019, a day after Jair Bolsonaro took office, bucking a weaker Latin American currency trend. The Reuters report was a brief excerpt with no further detail.

- Date: 2019-01-02 · published 2019-01-02T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/12359-emerging-markets-brazil-and-39-s-real-firms-against-dollar-bucking-latam-trend
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A firmer real makes Brazilian commodity exports more expensive in dollar terms, a modest bearish signal for soybean and meal prices.

## 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 firmed on Jan 2 against a weaker Latin American currency trend, indicating Brazil-specific political optimism drove the move, though the excerpt lacks detail. |

## Sources

- spotonnewmexico.com: https://spotonnewmexico.com/nm-non-local-sources/4884/emerging-markets-brazil39s-real.html

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