# Foreign bets against Brazilian real drop $35bn in three months

> Foreign investors cut their bets against the Brazilian real by $35.4 billion since December, driving the dollar down about 8% against the real this year. Several banks raised their year-end real forecasts as a result.

- Date: 2025-03-21 · published 2025-03-21T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/25805-foreign-bets-against-brazilian-real-drop-35bn-in-three-months
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Unwinding of speculative positions has strengthened the real, which raises Brazilian export costs in dollar terms and can support prices for Brazilian soybeans and meal. The move is a currency-flow driver rather than a supply event.

## 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 | 2022-04-27 | [Brazilian real, Chilean peso steady against raging dollar \| Financial Post](https://feedsoft.ai/events/6862-brazilian-real-chilean-peso-steady-against-raging-dollar-financial-post.md) | +0.3% | -3.2% |
| USDBRL | 2021-02-26 | [Brazil intervenes in FX markets to arrest real's fall — Octa](https://feedsoft.ai/events/48851-brazil-intervenes-in-fx-markets-to-arrest-real-s-fall-octa.md) | +1.4% | +2.6% |
| 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 | 2020-09-16 | [USD/BRL: BCB unable to support the Brazilian real - TDS - Forex Crunch](https://feedsoft.ai/events/51309-usd-brl-bcb-unable-to-support-the-brazilian-real-tds-forex-crunch.md) | +3.5% | +5.6% |

## Sources

- valorinternational.globo.com: https://valorinternational.globo.com/markets/news/2025/03/21/foreign-bets-against-brazilian-real-drop-35bn-in-three-months.ghtml

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