# FX Weekly Summary (Brazil Issue)

> StoneX's weekly FX outlook says the dollar will track US inflation and retail sales data, with markets pricing the first Federal Reserve cut for May or June. In Brazil, the central bank minutes pointed to 50bp Selic cuts, while Congress negotiations could postpone payroll tax changes and worsen Brazil's fiscal outlook.

- Date: 2024-02-14 · published 2024-02-14T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/31877-fx-weekly-summary-brazil-issue
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A stronger dollar tends to pressure dollar-denominated grain and oilseed prices, while a weaker real can make Brazilian soybean and corn exports more competitive.

## Read by commodity

- DXY: bullish ▲
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-06-10 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/11314-fx-weekly-summary-brazil-issue.md) | +1.5% | +3.7% |
| DXY | 2021-09-27 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/45287-fx-weekly-summary-brazil-issue.md) | +0.5% | -0.1% |
| DXY | 2021-11-12 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/44257-fx-weekly-summary-brazil-issue.md) | +0.8% | +1.2% |
| DXY | 2022-01-07 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/43355-fx-weekly-summary-brazil-issue.md) | -1.1% | -0.2% |
| DXY | 2026-09-21 | [FX Weekly Overview (Brazil Issue)](https://feedsoft.ai/events/17669-fx-weekly-overview-brazil-issue.md) | +0.7% | +1.5% |
| USDBRL | 2022-06-10 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/11314-fx-weekly-summary-brazil-issue.md) | +3.4% | +9.3% |
| USDBRL | 2022-07-29 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/40695-fx-weekly-summary-brazil-issue.md) | +0.0% | -1.9% |
| USDBRL | 2022-10-03 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/7983-fx-weekly-summary-brazil-issue.md) | -3.4% | -2.9% |

## Sources

- stonex.com: https://www.stonex.com/en/insights/fx-weekly-summary-brazil-issue-2024-02-11/

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