# USDBRL should reflect Brazil's GDP, employment and services in the US, and data for China

> Forex.com's outlook for USD/BRL lists drivers including the FOMC decision, an expected 50 basis point COPOM cut, a possible slight rise in US November CPI, and monetary decisions in the eurozone and UK. It also notes that congressional progress on government agendas could strengthen the real. The piece frames the week's currency drivers without a new market-moving event.

- Date: 2023-12-12 · published 2023-12-12T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/32942-usdbrl-should-reflect-brazil-s-gdp-employment-and-services-in-the-us-and-data
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Dollar and real moves alter the cost of Brazilian soybean and corn exports and the relative pricing of feed ingredients. The outlook highlights rate decisions that could shift capital flows but does not itself change supply or demand.

## Read by commodity

- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2024-01-31 | [User \| chroniclejournal.com - USD/BRL forecast as the Fed and Brazil Central Bank diverge](https://feedsoft.ai/events/32326-user-chroniclejournal-com-usd-brl-forecast-as-the-fed-and-brazil-central-bank.md) | -0.2% | -0.2% |
| USDBRL | 2023-06-26 | [USDBRL reflects Copom minutes, postponement of the fiscal framework and tax reform expectations](https://feedsoft.ai/events/35697-usdbrl-reflects-copom-minutes-postponement-of-the-fiscal-framework-and-tax.md) | +0.8% | -0.9% |
| USDBRL | 2021-03-12 | [FX Daily: Brazilian central bank’s line in the sand \| ING THINK](https://feedsoft.ai/events/48310-fx-daily-brazilian-central-bank-s-line-in-the-sand-ing-think.md) | -0.3% | +0.4% |
| USDBRL | 2023-08-07 | [Outlook for the Brazilian Real and the real economy](https://feedsoft.ai/events/34792-outlook-for-the-brazilian-real-and-the-real-economy.md) | +0.8% | +1.8% |
| USDBRL | 2020-06-16 | [Brazil: A monetary policy test for the BRL \| articles \| ING THINK](https://feedsoft.ai/events/52814-brazil-a-monetary-policy-test-for-the-brl-articles-ing-think.md) | +0.3% | +4.2% |

## Sources

- forex.com: https://www.forex.com/en-us/news-and-analysis/brazilian-fx-outlook-dec-12/

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