# Brazil's real hits record low as markets eye govt spending | Reuters

> Brazil's real fell by the most in over two years to a record low of 6.3139 per dollar before closing down 2.9% at 6.2896. Stocks also fell as markets tested the government's spending plans and wide budget deficit.

- Date: 2024-12-18 · published 2024-12-18T12:00:00.000Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/27143-brazil-s-real-hits-record-low-as-markets-eye-govt-spending-reuters
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Fiscal doubts driving the real lower make Brazilian exports cheaper, which can pressure global soybean meal and corn prices.

## Read by commodity

- SBM: bearish ▼
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2024-06-25 | [Lula’s spending plans turn heat on Brazilian markets](https://feedsoft.ai/events/29989-lula-s-spending-plans-turn-heat-on-brazilian-markets.md) | +3.4% | +3.1% |
| USDBRL | 2024-12-16 | [Brazil currency hits record low amid ongoing fiscal woes](https://feedsoft.ai/events/27145-brazil-currency-hits-record-low-amid-ongoing-fiscal-woes.md) | +0.3% | -0.2% |
| USDBRL | 2021-03-03 | [Brazil real slumps to three-month low as central bank intervenes selling $2bn - Markets - Business Recorder](https://feedsoft.ai/events/12205-brazil-real-slumps-to-three-month-low-as-central-bank-intervenes-selling-2bn.md) | +1.7% | +0.6% |
| USDBRL | 2021-02-09 | [Brazil's real leads Latam FX losses on fiscal concerns - Markets - Business Recorder](https://feedsoft.ai/events/48852-brazil-s-real-leads-latam-fx-losses-on-fiscal-concerns-markets-business-recorder.md) | +1.2% | +9.3% |
| USDBRL | 2021-01-22 | [Latam FX falls as dollar rises, Brazil real lags peers for the week - Markets - Business Recorder](https://feedsoft.ai/events/49387-latam-fx-falls-as-dollar-rises-brazil-real-lags-peers-for-the-week-markets.md) | +0.4% | +0.3% |
| SBM | 2024-06-25 | [Lula’s spending plans turn heat on Brazilian markets](https://feedsoft.ai/events/29989-lula-s-spending-plans-turn-heat-on-brazilian-markets.md) | -1.8% | -7.4% |
| SBM | 2024-12-16 | [Brazil currency hits record low amid ongoing fiscal woes](https://feedsoft.ai/events/27145-brazil-currency-hits-record-low-amid-ongoing-fiscal-woes.md) | +2.8% | +4.4% |
| SBM | 2020-02-12 | [Brazilian real's new low vs dollar brings year-to-date loss to almost 8% By Reuters](https://feedsoft.ai/events/54781-brazilian-real-s-new-low-vs-dollar-brings-year-to-date-loss-to-almost-8-by.md) | +0.8% | +1.8% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/brazils-real-hits-record-low-markets-eye-govt-spending-2024-12-18/

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