# FX Daily: BRICS currencies under pressure | articles | ING THINK

> Strong dollar conditions persisted as several BRICS currencies, including the Brazilian real, came under pressure from both Trump's tariff threats and home-grown fiscal problems. Markets also watched US JOLTS job openings data and a possible French government collapse.

- Date: 2024-12-03 · published 2024-12-03T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/12462-fx-daily-brics-currencies-under-pressure-articles-ing-think
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency weakness in emerging markets raises import costs for feed buyers in those countries, while a firmer dollar tends to pressure dollar-denominated grain and feed prices.

## Read by commodity

- DXY: bullish ▲
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2024-04-17 | [FX Daily: The big unwinding \| articles \| ING THINK](https://feedsoft.ai/events/30940-fx-daily-the-big-unwinding-articles-ing-think.md) | -1.4% | -2.5% |
| USDBRL | 2018-02-02 | [Signs of Firming U.S. Inflation Put Emerging Market Currencies Under Pressure](https://feedsoft.ai/events/66723-signs-of-firming-u-s-inflation-put-emerging-market-currencies-under-pressure.md) | +3.7% | +2.5% |
| USDBRL | 2019-04-18 | [Brazil: The bumpy road to reform \| articles \| ING THINK](https://feedsoft.ai/events/59777-brazil-the-bumpy-road-to-reform-articles-ing-think.md) | +1.0% | +1.2% |
| USDBRL | 2022-11-16 | [Latam FX Outlook 2023: Too good to be true? \| articles \| ING THINK](https://feedsoft.ai/events/38887-latam-fx-outlook-2023-too-good-to-be-true-articles-ing-think.md) | +0.5% | -0.6% |
| USDBRL | 2019-04-23 | [Brazil: Economy under pressure? - TDS - Forex Crunch](https://feedsoft.ai/events/59783-brazil-economy-under-pressure-tds-forex-crunch.md) | +0.2% | +4.7% |
| DXY | 2024-04-17 | [FX Daily: The big unwinding \| articles \| ING THINK](https://feedsoft.ai/events/30940-fx-daily-the-big-unwinding-articles-ing-think.md) | -0.3% | -1.0% |
| DXY | 2024-02-05 | [FX Daily: Flip Flop \| articles \| ING THINK](https://feedsoft.ai/events/31892-fx-daily-flip-flop-articles-ing-think.md) | +0.1% | -0.0% |
| DXY | 2020-03-13 | [FX daily: Dislocation, dislocation, dislocation \| articles \| ING THINK](https://feedsoft.ai/events/6276-fx-daily-dislocation-dislocation-dislocation-articles-ing-think.md) | +3.8% | +1.6% |

## Sources

- think.ing.com: https://think.ing.com/articles/fx-daily-brics-currencies-under-pressure/

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