# Brazil’s real weakens, interest rates climb under Trump effect

> Brazil's real weakened on Monday as expectations grew for more protectionist US trade policy under Trump. The dollar rose 0.56% to R$5.7695, and interest rate futures climbed as markets priced a Selic rate above 13.75% next year.

- Date: 2024-11-12 · published 2024-11-12T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/27618-brazil-s-real-weakens-interest-rates-climb-under-trump-effect
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Currency weakness and higher local rates shape Brazilian export flows and farmer selling of soy and corn, with a modest bearish effect on feed grain and meal prices.

## Read by commodity

- SBM: bearish ▼
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2016-11-14 | [Brazil real weakens for fourth day as Trump concern boosts U.S. yields](https://feedsoft.ai/events/9711-brazil-real-weakens-for-fourth-day-as-trump-concern-boosts-u-s-yields.md) | +0.7% | -0.4% |
| USDBRL | 2018-05-22 | [brazil-currency-weakness-halts-the-interest-rate-cuts](https://feedsoft.ai/events/9714-brazil-currency-weakness-halts-the-interest-rate-cuts.md) | +0.5% | +0.6% |
| USDBRL | 2024-07-31 | [Brazil holds interest rates as expected, flags 'greater caution'](https://feedsoft.ai/events/29477-brazil-holds-interest-rates-as-expected-flags-greater-caution.md) | -0.2% | -2.7% |
| USDBRL | 2019-09-19 | [Brazil Cuts Interest Rate to Fresh Record Low](https://feedsoft.ai/events/57287-brazil-cuts-interest-rate-to-fresh-record-low.md) | +2.0% | +1.6% |
| USDBRL | 2020-04-29 | [Decline in Brazil’s Real Underscores Need for Hedging](https://feedsoft.ai/events/53837-decline-in-brazil-s-real-underscores-need-for-hedging.md) | -0.0% | -5.1% |
| SBM | 2020-04-29 | [Decline in Brazil’s Real Underscores Need for Hedging](https://feedsoft.ai/events/53837-decline-in-brazil-s-real-underscores-need-for-hedging.md) | +1.1% | +0.1% |
| SBM | 2026-10-01 | [Brazilian Real: Exchange rate seen weaker into year-end – Rabobank](https://feedsoft.ai/events/17671-brazilian-real-exchange-rate-seen-weaker-into-year-end-rabobank.md) | +3.2% | +0.5% |
| SBM | 2024-08-13 | [Brazil's central bank had no reason to intervene in FX amid 'accelerated weakening'](https://feedsoft.ai/events/11942-brazil-s-central-bank-had-no-reason-to-intervene-in-fx-amid-accelerated.md) | -2.6% | -0.3% |

## Sources

- valorinternational.globo.com: https://valorinternational.globo.com/markets/news/2024/11/12/brazils-real-weakens-interest-rates-climb-under-trump-effect.ghtml

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