# Special Analysis | Why did the USDBRL rise so much in 2024?

> A StoneX analysis explains the dollar's strength in 2024 through global monetary tightening and high US yields. It notes investors have reduced bets on Fed rate cuts after stronger-than-expected US data.

- Date: 2024-07-08 · published 2024-07-08T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/29480-special-analysis-why-did-the-usdbrl-rise-so-much-in-2024
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A strong dollar and a weaker real make Brazilian commodities cheaper in dollar terms, which tends to support Brazilian export volumes and pressure dollar-priced grain values.

## Read by commodity

- DXY: bullish ▲
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2023-09-08 | [Why the US Fed's interest rate pause is a win for dollar bulls \| The National](https://feedsoft.ai/events/34010-why-the-us-fed-s-interest-rate-pause-is-a-win-for-dollar-bulls-the-national.md) | -2.2% | +4.1% |
| USDBRL | 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) | +2.9% | -1.8% |
| USDBRL | 2022-02-24 | [Analysis: War shuffles moves of central banks in Brazil, abroad](https://feedsoft.ai/events/42916-analysis-war-shuffles-moves-of-central-banks-in-brazil-abroad.md) | +2.7% | -3.4% |
| USDBRL | 2024-09-23 | [Dollar rises more than 1% at the start of a week marked by inflation data in Brazil and the US \| Brasil 247](https://feedsoft.ai/events/28517-dollar-rises-more-than-1-at-the-start-of-a-week-marked-by-inflation-data-in.md) | -1.1% | +3.9% |
| DXY | 2023-06-01 | [Why is the US dollar so strong again?](https://feedsoft.ai/events/35846-why-is-the-us-dollar-so-strong-again.md) | -0.9% | -1.2% |
| DXY | 2022-09-28 | [Why is the US dollar so strong, and what does it mean?](https://feedsoft.ai/events/10320-why-is-the-us-dollar-so-strong-and-what-does-it-mean.md) | -1.8% | -1.5% |
| DXY | 2016-12-19 | [US: Something special in the offering – Deutsche Bank — Octa](https://feedsoft.ai/events/73658-us-something-special-in-the-offering-deutsche-bank-octa.md) | +0.4% | -0.5% |

## Sources

- stonex.com: https://www.stonex.com/en-us/insights/special-analysis-why-did-the-usdbrl-rise-so-much-in-2024-1507343/

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