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The Brazilian real strengthened to R$5.19 per dollar on Jan 29, its lowest close in 20 months, as markets priced a possible Selic rate cut in March. Interest rate futures fell after a weaker-than-expected formal job creation report, while the Ibovespa slipped on a global tech sell-off triggered by Microsoft's quarterly results.
A stronger real makes Brazilian soybeans and corn pricier in dollar terms for importers, which can weigh on Brazilian export competitiveness. Lower rates support domestic liquidity and the real, but the currency move is a modest driver for feed prices.
valorinternational.globo.comGabriel Caldeira, Arthur Cagliari, Vinícius Lucena, Maria Fernanda Salinet, Bruna FurlaniJan 30, 2026After 213 past bearish macro events, Brazilian Real (BRL per USD) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +0.9%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
