# Brazilian real spurs Latam FX higher | Financial Post

> Latin American currencies rose on Monday led by Brazil's real, which jumped nearly 1.5% against the dollar and is up 12.6% year to date. The gains come as surging commodity and oil prices, tied to sanctions on Russia over the war in Ukraine, support the region's currencies.

- Date: 2022-03-21 · published 2022-03-21T12:00:00.000Z
- Category: geopolitics · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/12659-brazilian-real-spurs-latam-fx-higher-financial-post
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A firmer real alongside high commodity prices tends to make Brazilian grain and oilseed exports pricier in dollar terms, while the Russia-Ukraine conflict and sanctions keep global feed and energy prices elevated.

## Read by commodity

- BRENT: bullish ▲
- USDBRL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDBRL | 2022-03-25 | 5 | -5.2% | -2.8 | Higher commodity and oil prices after Russia sanctions boosted Brazil's terms of trade and Latam FX sentiment, with the real jumping about 1.5% on March 21 and contributing to the week's decline in BRL per USD. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2026-07-08 | [LatAm assets slide with global markets after Trump says Iran deal 'over' \| MarketScreener](https://feedsoft.ai/events/18630-latam-assets-slide-with-global-markets-after-trump-says-iran-deal-over.md) | -1.5% | -0.8% |
| BRENT | 2026-06-10 | [Brazilian Real Holds Near Two-Month Low](https://feedsoft.ai/events/12076-brazilian-real-holds-near-two-month-low.md) | -14.1% | -21.4% |
| BRENT | 2016-12-12 | [Oil prices jump as crude exporters join OPEC cuts, but headwinds remain - Financial Post](https://feedsoft.ai/events/73629-oil-prices-jump-as-crude-exporters-join-opec-cuts-but-headwinds-remain.md) | +2.7% | +0.3% |
| BRENT | 2022-03-07 | [Dollar edges higher as surging energy prices prompt safe-haven flows \| Financial Newsletter](https://feedsoft.ai/events/12080-dollar-edges-higher-as-surging-energy-prices-prompt-safe-haven-flows-financial.md) | -4.6% | -13.0% |
| BRENT | 2026-02-20 | [Brent rises late, settles higher and with weekly gain on Iran-US jitters \| Reuters](https://feedsoft.ai/events/20772-brent-rises-late-settles-higher-and-with-weekly-gain-on-iran-us-jitters-reuters.md) | -1.7% | +51.7% |
| BRENT | 2022-02-28 | [Sterling falls vs dollar, rises against euro after Western sanctions on Russia \| Financial Post](https://feedsoft.ai/events/42940-sterling-falls-vs-dollar-rises-against-euro-after-western-sanctions-on-russia.md) | +23.1% | +23.8% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/brazilian-real-spurs-latam-fx-higher-2

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