# Brazilian Real: LatAm policy paths and FX levels – Societe Generale

> Societe Generale strategists say Banco Central do Brasil minutes support an easing cycle with pauses to bring inflation to 3% by 1Q28. USD/BRL was approaching its 200-day moving average at 5.25. The bank noted that the recent 25bp cut came despite signalled upside inflation risks.

- Date: 2026-06-24 · published 2026-06-24T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/19020-brazilian-real-latam-policy-paths-and-fx-levels-societe-generale
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Expected Brazilian rate cuts and a stable currency near 5.25 shape the cost of imported inputs and the dollar value of Brazilian grain and meal exports.

## Read by commodity

- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2023-08-07 | [Outlook for the Brazilian Real and the real economy](https://feedsoft.ai/events/34792-outlook-for-the-brazilian-real-and-the-real-economy.md) | +0.8% | +1.8% |
| USDBRL | 2021-07-01 | [Latam FX fall on virus worries; Brazil's real down 1% \| Financial Post](https://feedsoft.ai/events/46264-latam-fx-fall-on-virus-worries-brazil-s-real-down-1-financial-post.md) | +4.5% | +0.8% |
| USDBRL | 2026-08-12 | [Brazilian Real: Politics weighs but carry supports – ING](https://feedsoft.ai/events/18110-brazilian-real-politics-weighs-but-carry-supports-ing.md) | +0.9% | -1.1% |
| USDBRL | 2026-03-19 | [Brazilian Real Steady After Copom](https://feedsoft.ai/events/20384-brazilian-real-steady-after-copom.md) | +0.3% | -3.9% |
| USDBRL | 2024-09-05 | [Brazil's central bank sees stronger growth, higher FX since latest policy meeting \| Reuters](https://feedsoft.ai/events/28519-brazil-s-central-bank-sees-stronger-growth-higher-fx-since-latest-policy.md) | +0.1% | -3.6% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/brazilian-real-latam-policy-paths-and-fx-levels-societe-generale-202606241823

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