# FX Weekly Overview (Brazil Issue)

> StoneX reports that the USD/BRL closed at 4.955 on March 1, down 0.8% for the week, after US and Brazilian inflation data reinforced expectations of steady rates. The outlook focuses on Powell's testimony, Chinese economic data and the ECB decision.

- Date: 2024-03-04 · published 2024-03-04T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/31430-fx-weekly-overview-brazil-issue
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A firmer real on the back of steady rate expectations can make Brazilian export offers more competitive, which may cap US soybean and corn export pricing relative to Brazil.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2023-07-31 | [FX Weekly Overview (Brazil Issue)](https://feedsoft.ai/events/35240-fx-weekly-overview-brazil-issue.md) | +2.6% | +3.1% |
| USDBRL | 2025-09-29 | [FX Weekly Overview (Brazil Issue)](https://feedsoft.ai/events/23091-fx-weekly-overview-brazil-issue.md) | +0.1% | +0.7% |
| USDBRL | 2025-06-30 | [FX Weekly Overview (Brazil Issue)](https://feedsoft.ai/events/24420-fx-weekly-overview-brazil-issue.md) | -0.3% | +2.1% |
| USDBRL | 2025-04-28 | [FX Weekly Overview (Brazil Issue)](https://feedsoft.ai/events/25313-fx-weekly-overview-brazil-issue.md) | -0.6% | +0.1% |
| USDBRL | 2022-03-25 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/42474-fx-weekly-summary-brazil-issue.md) | -1.9% | -4.1% |

## Sources

- stonex.com: https://www.stonex.com/en-us/insights/fx-weekly-overview-brazil-issue-1482682/

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