# Even strident populists must face Brazil’s fiscal reality

> Brazil's overall stock market capitalisation rose 27% in dollar terms over the year to March, and M&A activity has recovered. Investors remain concerned about October presidential elections and emerging market volatility caused by rising US yields.

- Date: 2018-05-15 · published 2018-05-15T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/12778-even-strident-populists-must-face-brazil-s-fiscal-reality
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Political uncertainty and fiscal reform needs can move the real and Brazilian asset prices, which affects the cost of imported inputs and the export economics of Brazilian feed commodities.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-10-19 | [Brazil's real slumps on fiscal concerns, Petrobras slides](https://feedsoft.ai/events/44780-brazil-s-real-slumps-on-fiscal-concerns-petrobras-slides.md) | +1.4% | -0.4% |
| USDBRL | 2020-09-30 | [Mexican peso shines, Brazil's real flat amid fiscal worries](https://feedsoft.ai/events/51323-mexican-peso-shines-brazil-s-real-flat-amid-fiscal-worries.md) | -2.3% | +1.3% |
| USDBRL | 2022-12-07 | [Brazilian real up on fiscal relief; Peru's sol falls amid political turmoil \| Financial Post](https://feedsoft.ai/events/38510-brazilian-real-up-on-fiscal-relief-peru-s-sol-falls-amid-political-turmoil.md) | +0.5% | +2.7% |
| USDBRL | 2024-08-30 | [Brazil Real Swings on Fiscal Woes, Central Bank Interventions](https://feedsoft.ai/events/29017-brazil-real-swings-on-fiscal-woes-central-bank-interventions.md) | -0.8% | -3.6% |
| USDBRL | 2022-08-16 | [Brazil's real slumps 1% as presidential campaigns begin \| Financial Post](https://feedsoft.ai/events/40232-brazil-s-real-slumps-1-as-presidential-campaigns-begin-financial-post.md) | +1.7% | +2.1% |

## Sources

- ft.com: https://www.ft.com/content/775802f6-3cc5-11e8-bcc8-cebcb81f1f90?syn-25a6b1a6=1

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