# Brazil's real weakens past 5.00 per dollar for 1st time since November

> Brazil's real weakened past 5.00 per dollar in spot trading for the first time since early November on Tuesday. The move extended Monday's drop of more than 1% on fiscal concerns over Lula's industrial plan.

- Date: 2024-01-23 · published 2024-01-23T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/32323-brazil-s-real-weakens-past-5-00-per-dollar-for-1st-time-since-november
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A real below 5.00 makes Brazilian soybeans and meal more competitive for export, which can pressure world soy product prices. The currency move is driven by fiscal worries rather than farm supply.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2016-11-14 | [Brazil real weakens for fourth day as Trump concern boosts U.S. yields](https://feedsoft.ai/events/9711-brazil-real-weakens-for-fourth-day-as-trump-concern-boosts-u-s-yields.md) | +0.7% | -0.4% |
| USDBRL | 2022-11-10 | [EMERGING MARKETS-Brazil's real sinks 4%, other FX rally on dollar weakness](https://feedsoft.ai/events/38888-emerging-markets-brazil-s-real-sinks-4-other-fx-rally-on-dollar-weakness.md) | +6.0% | +1.7% |
| USDBRL | 2023-01-09 | [Brazil’s Real Weakens Following Attacks on Government Buildings](https://feedsoft.ai/events/37982-brazil-s-real-weakens-following-attacks-on-government-buildings.md) | -3.0% | -1.0% |
| 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 | 2024-11-12 | [Brazil’s real weakens, interest rates climb under Trump effect](https://feedsoft.ai/events/27618-brazil-s-real-weakens-interest-rates-climb-under-trump-effect.md) | -0.6% | +4.7% |
| SBM | 2023-01-09 | [Brazil’s Real Weakens Following Attacks on Government Buildings](https://feedsoft.ai/events/37982-brazil-s-real-weakens-following-attacks-on-government-buildings.md) | +1.7% | -1.2% |
| SBM | 2024-11-12 | [Brazil’s real weakens, interest rates climb under Trump effect](https://feedsoft.ai/events/27618-brazil-s-real-weakens-interest-rates-climb-under-trump-effect.md) | -1.9% | -3.0% |
| SBM | 2023-01-20 | [Brazil's real set for 2% weekly loss on worries over c.bank independence \| Financial Post](https://feedsoft.ai/events/37979-brazil-s-real-set-for-2-weekly-loss-on-worries-over-c-bank-independence.md) | +0.6% | +3.2% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/brazils-real-weakens-past-5-120537114.html

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