# Dollar closes at its lowest rate since November 26 | Brasil 247

> The dollar closed at 5.8682 reais on January 29, its lowest level since November 26, and was down 5.03% in January. The Federal Reserve held rates steady that day, and the Central Bank of Brazil sold $2 billion in a currency intervention.

- Date: 2025-01-29 · published 2025-01-29T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/26711-dollar-closes-at-its-lowest-rate-since-november-26-brasil-247
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A stronger real lowers the dollar cost of Brazilian soybeans and corn, which can pressure Chicago prices and reduce the competitive edge of US exports.

## Read by commodity

- USDBRL: bearish ▼

## Sources

- en.brasil247.com: https://en.brasil247.com/economia/dolar-fecha-perto-da-estabilidade-com-mercado-de-olho-em-fed-e-bc

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