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Jan 31, 2025REPORTBrazil

Brazil's gross debt rises less than expected in 2024, aided by foreign reserves sale

Brazil's gross debt rose by 2.2 percentage points in 2024 to a ratio of 76.1% of GDP in December, less than the 77.0% economists expected. The central bank's sale of foreign reserves helped limit the increase.

WHY IT MATTERS

Fiscal news shapes the real's direction, which affects Brazilian export prices for soybeans, meal and corn; a smaller debt rise is mildly supportive of the currency.

AFFECTSBrazilian Real (BRL per USD)▼

SOURCE
reuters.comMarcela AyresJan 31, 2025

Price reaction & history

Brazilian Real (BRL per USD)▼bearishSO FAR1d -1.0%5d -2.1%20d -0.2%

After 40 past report events, Brazilian Real (BRL per USD) moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.3%), and -0.2% over 20.

Nov 9, 2020The Fed - Foreign Exchange Rates - H.10 - November 09, 2020-1.1%
Jul 24, 2026US Dollar vs Brazilian Real slides slightly after US Treasury report on Brazil's currency practices-0.3%
Nov 30, 2022US cuts billions of dollars off of FY 23 ag export forecast | 2022-11-29 | Agri-Pulse Communications, Inc.-1.0%
Aug 9, 2024Brazil inflation speeds up in July as central bank vows 'caution'-2.5%

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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