# Brazil cenbank chief says external scenario has not affected FX, balance of risks

> Brazil's central bank chief said external market developments have not affected the real's foreign exchange performance or the balance of risks. The real has appreciated about 8% so far this year against the US dollar, supported by trade flows from strong agribusiness exports and improved risk perception after the government proposed new fiscal rules.

- Date: 2023-11-17 · published 2023-11-17T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/33374-brazil-cenbank-chief-says-external-scenario-has-not-affected-fx-balance-of-risks
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A stronger real makes Brazilian soybean, corn and meal exports pricier in dollar terms, which can slightly weigh on Brazilian export competitiveness and support dollar-denominated feed prices only marginally.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2022-02-22 | [Brazil central bank chief says higher interest rates, positive fiscal are supporting FX \| Financial Newsletter](https://feedsoft.ai/events/42914-brazil-central-bank-chief-says-higher-interest-rates-positive-fiscal-are.md) | +0.7% | -3.4% |
| USDBRL | 2020-12-10 | [Brazil's real jumps after central bank hints at end of easing cycle \| Financial Post](https://feedsoft.ai/events/49851-brazil-s-real-jumps-after-central-bank-hints-at-end-of-easing-cycle-financial.md) | -0.4% | +6.4% |
| USDBRL | 2021-10-16 | [Pressure to devalue Brazil real to ease in 2022, cenbank official says](https://feedsoft.ai/events/44782-pressure-to-devalue-brazil-real-to-ease-in-2022-cenbank-official-says.md) | +5.1% | +0.2% |
| USDBRL | 2021-10-13 | [Brazil central bank sells $1 bln in surprise FX swap auction](https://feedsoft.ai/events/44784-brazil-central-bank-sells-1-bln-in-surprise-fx-swap-auction.md) | +0.4% | -0.5% |
| USDBRL | 2024-09-19 | [Brazil’s Central Bank resumes tightening as Fed moves toward easing](https://feedsoft.ai/events/28521-brazil-s-central-bank-resumes-tightening-as-fed-moves-toward-easing.md) | -0.0% | +3.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/brazils-central-bank-chief-stresses-currencys-resilience-amid-easing-cycle-2023-11-17/

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