◂ Event Timeline

Jan 9, 2025MACROBrazil

Brazil's real seen more stable; to trade close to 6 per U.S. dollar at end-2025: Reuters poll

A Reuters poll expects the Brazilian real to stabilize after falling about 22% in 2024, which was driven by investor disappointment over a fiscal package. Analysts see the currency trading near 5.94 per dollar in one year.

WHY IT MATTERS

A firmer real makes Brazilian soybean, corn and meal exports cheaper in dollar terms for buyers, which can support Brazilian export competitiveness and weigh on global feed prices at the margin.

AFFECTSBrazilian Real (BRL per USD)▼

SOURCE
reuters.comGabriel BurinJan 9, 2025

Price reaction & history

Brazilian Real (BRL per USD)▼bearishSO FAR1d -1.0%5d -1.3%20d -5.8%

After 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.

Jul 7, 2022Brazil real to firm, but pre-election fiscal loosening seen as risk - Reuters poll-1.5%
Jun 23, 2021Brazil real to strengthen 'much more', says economy minister | Reuters-1.2%
Nov 8, 2023Emerging market currencies to claw back ground in 2024 as dollar fades: Reuters poll-0.2%
Mar 23, 2021Brazil real up on hawkish Copom minutes, EM peers hit by strong dollar | Financial Post+4.5%
Dec 4, 2018Brazil stocks gain; real firms as U.S. dollar weakens+2.1%

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.

Brazilian Real (BRL per USD) USDBRL · GP ▸

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