# USD/BRL: Brazilian Real, Stocks and Bonds Plummet as Panic Sweeps Markets - Bloomberg

> The Brazilian real, stocks and bonds sold off sharply, sending the currency to a record low. Traders are buying hedges against a sovereign default, and the central bank's measures on Tuesday are seen as a temporary fix.

- Date: 2024-12-17 · published 2024-12-17T12:00:00.000Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/27151-usd-brl-brazilian-real-stocks-and-bonds-plummet-as-panic-sweeps-markets
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A broad financial selloff in Brazil increases currency volatility that affects the dollar cost of Brazilian feed exports and imported inputs.

## Read by commodity

- SBM: bearish ▼
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2020-03-05 | [Brazilian Real (BRL USD) Plunges to Record Low as Rate Cut Seen - Bloomberg](https://feedsoft.ai/events/9274-brazilian-real-brl-usd-plunges-to-record-low-as-rate-cut-seen-bloomberg.md) | +3.0% | +15.4% |
| USDBRL | 2023-06-30 | [Brazilian Real Technical Analysis: USD/BRL, EUR/BRL](https://feedsoft.ai/events/35694-brazilian-real-technical-analysis-usd-brl-eur-brl.md) | +0.3% | -2.4% |
| USDBRL | 2024-07-02 | [Stress in domestic market continues, pressures Brazilian real](https://feedsoft.ai/events/9453-stress-in-domestic-market-continues-pressures-brazilian-real.md) | -2.8% | +1.2% |
| USDBRL | 2019-11-26 | [EMERGING MARKETS-Brazilian c.bank intervenes as real slumps; Colombian peso drops on tax reform](https://feedsoft.ai/events/56346-emerging-markets-brazilian-c-bank-intervenes-as-real-slumps-colombian-peso.md) | -0.5% | -3.1% |
| USDBRL | 2024-10-23 | [Market braces for pressure on Brazilian real as Trump’s chances rise](https://feedsoft.ai/events/28085-market-braces-for-pressure-on-brazilian-real-as-trump-s-chances-rise.md) | +0.6% | +1.4% |
| SBM | 2023-06-30 | [Brazilian Real Technical Analysis: USD/BRL, EUR/BRL](https://feedsoft.ai/events/35694-brazilian-real-technical-analysis-usd-brl-eur-brl.md) | +1.6% | +11.9% |
| SBM | 2023-09-29 | [Brazilian Real Technical Analysis: USD/BRL Breakout Re-Tests 5.00](https://feedsoft.ai/events/34322-brazilian-real-technical-analysis-usd-brl-breakout-re-tests-5-00.md) | -4.6% | +9.0% |
| SBM | 2024-06-27 | [Market confidence wanes, weakening Brazilian real](https://feedsoft.ai/events/29988-market-confidence-wanes-weakening-brazilian-real.md) | +1.8% | -2.9% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-12-17/brazil-traders-sell-first-ask-later-as-panic-sweeps-markets

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