# Brazil real expected to strengthen as commodities and carry support currency outlook - BofA By Investing.com

> Bank of America forecasts the Brazilian real will strengthen to 5.25 per dollar by end-2026 and hold that level through 2027. The bank also projects Brazil's policy rate falling to 11.75% by end-2026, with back-to-back 50-basis-point cuts expected.

- Date: 2026-03-26 · published 2026-03-26T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/20383-brazil-real-expected-to-strengthen-as-commodities-and-carry-support-currency
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A stronger real would reduce the local-currency cost of Brazilian soybean and corn exports, making them less attractive to buyers priced in dollars. Expected rate cuts would narrow the carry that has supported the currency.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2023-07-06 | [Brazil real to take near-term support from improving economic outlook](https://feedsoft.ai/events/35238-brazil-real-to-take-near-term-support-from-improving-economic-outlook.md) | -0.9% | -0.9% |
| USDBRL | 2018-10-08 | [Brazil Stocks, Currency Surge as Bolsonaro Takes Commanding Lead - Bloomberg](https://feedsoft.ai/events/8763-brazil-stocks-currency-surge-as-bolsonaro-takes-commanding-lead-bloomberg.md) | -4.1% | -4.3% |
| USDBRL | 2025-06-17 | [Real strengthens amid commodity bets, easing geopolitical fears](https://feedsoft.ai/events/24425-real-strengthens-amid-commodity-bets-easing-geopolitical-fears.md) | -0.3% | +0.9% |
| USDBRL | 2017-01-17 | [Brazil real strengthens 1 pct as central bank resumes intervention](https://feedsoft.ai/events/73168-brazil-real-strengthens-1-pct-as-central-bank-resumes-intervention.md) | -1.2% | -3.1% |
| USDBRL | 2020-06-29 | [Brazilian Real Strengthens on EM Risk Appetite, Falling COVID-19 Cases](https://feedsoft.ai/events/52813-brazilian-real-strengthens-on-em-risk-appetite-falling-covid-19-cases.md) | -2.8% | -5.2% |

## Sources

- investing.com: https://www.investing.com/news/stock-market-news/brazil-real-expected-to-strengthen-as-commodities-and-carry-support-currency-outlook--bofa-93CH-4583107

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