# Brazil: the real economy and markets - the quest for synchronicity

> BNP Paribas says Brazilian markets are diverging from a robust real economy, with political and fiscal risks weighing on the currency, equities and yield curve. Strong consumption and low unemployment are noted, with inflation relatively subdued.

- Date: 2024-07-15 · published 2024-07-15T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/29481-brazil-the-real-economy-and-markets-the-quest-for-synchronicity
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Fiscal and political risk weighing on the real raises the cost of imported feed inputs and can shift the export incentive for Brazilian grain sellers.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| USDBRL | 2024-12-18 | [Brazil's real hits record low as markets eye govt spending \| Reuters](https://feedsoft.ai/events/27143-brazil-s-real-hits-record-low-as-markets-eye-govt-spending-reuters.md) | +1.3% | -1.1% |
| 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% |
| USDBRL | 2024-07-02 | [Understanding the Storm in Brazilian Markets](https://feedsoft.ai/events/9457-understanding-the-storm-in-brazilian-markets.md) | -2.8% | +1.2% |
| USDBRL | 2019-04-23 | [Brazil: Economy under pressure? - TDS - Forex Crunch](https://feedsoft.ai/events/59783-brazil-economy-under-pressure-tds-forex-crunch.md) | +0.2% | +4.7% |

## Sources

- economic-research.bnpparibas.com: https://economic-research.bnpparibas.com/html/en-US/Brazil-real-economy-markets-quest-synchronicity-7/15/2024,49795

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