# Market braces for pressure on Brazilian real as Trump’s chances rise

> Rising bets on a Trump victory in the U.S. presidential election have pushed emerging-market currencies lower, especially the Brazilian real, Mexican peso, Colombian peso and Chilean peso. The real touched R$5.73 per dollar, up 4.59% for the month, and one-month implied volatility has spiked.

- Date: 2024-10-23 · published 2024-10-23T12:00:00.000Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/28085-market-braces-for-pressure-on-brazilian-real-as-trump-s-chances-rise
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Tariff threats on Mexico and China would disrupt U.S. agricultural export flows and could shift demand toward Brazil. A weaker real makes Brazilian grain and meal cheaper, adding pressure to global feed prices.

## Read by commodity

- DXY: bullish ▲
- USDBRL: bullish ▲
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2017-06-26 | [Slumping Commodity Prices Pressure the Brazilian Real in 2Q17](https://feedsoft.ai/events/70712-slumping-commodity-prices-pressure-the-brazilian-real-in-2q17.md) | -0.7% | -5.4% |
| USDBRL | 2026-10-01 | [Brazilian Real Under Pressure Ahead of Election](https://feedsoft.ai/events/4935-brazilian-real-under-pressure-ahead-of-election.md) | -3.5% | +4.1% |
| USDBRL | 2025-08-27 | [Inflation surprise, Trump’s attack on Fed weigh on Brazilian assets](https://feedsoft.ai/events/23528-inflation-surprise-trump-s-attack-on-fed-weigh-on-brazilian-assets.md) | +0.4% | -2.1% |
| USDBRL | 2024-06-27 | [Market confidence wanes, weakening Brazilian real](https://feedsoft.ai/events/29988-market-confidence-wanes-weakening-brazilian-real.md) | +1.2% | +2.1% |
| DXY | 2025-01-31 | [EUR/USD faces pressure as Trump's tariff threats improve USD's appeal](https://feedsoft.ai/events/26727-eur-usd-faces-pressure-as-trump-s-tariff-threats-improve-usd-s-appeal.md) | +0.1% | +0.1% |
| DXY | 2026-08-28 | [Brazilian Real Weakens as Fed Hike Bets Rise](https://feedsoft.ai/events/18106-brazilian-real-weakens-as-fed-hike-bets-rise.md) | -0.2% | +1.7% |
| DXY | 2017-11-01 | [Fed signals December hike on track as Trump mulls next chair – Press Enterprise](https://feedsoft.ai/events/67903-fed-signals-december-hike-on-track-as-trump-mulls-next-chair-press-enterprise.md) | +0.1% | -1.2% |

## Sources

- valorinternational.globo.com: https://valorinternational.globo.com/markets/news/2024/10/23/market-braces-for-pressure-on-brazilian-real-as-trumps-chances-rise.ghtml

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