# Strong dollar inflows support Brazilian real

> Brazil recorded net foreign exchange inflows of $24.06 billion from January to October, the highest for that period since 2011. The trade surplus reached $46.95 billion, the best January-October result since 2007, helping the real trade near R$4.9 per dollar after reaching R$5.22 in early October.

- Date: 2023-11-16 · published 2023-11-16T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/33375-strong-dollar-inflows-support-brazilian-real
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Strong agricultural export receipts and inflows keep the real firm, which lowers the local-currency cost of Brazilian soy and corn exports and can make Brazilian origin less attractive to buyers at the margin.

## Read by commodity

- SOY: neutral
- CORN: neutral
- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2023-04-11 | [Strong dollar inflows support Brazilian real](https://feedsoft.ai/events/36624-strong-dollar-inflows-support-brazilian-real.md) | -2.7% | -1.8% |
| USDBRL | 2026-08-27 | [Brazilian Real: Rate cuts may support BRL against US Dollar - Societe Generale](https://feedsoft.ai/events/18105-brazilian-real-rate-cuts-may-support-brl-against-us-dollar-societe-generale.md) | -1.1% | +0.6% |
| USDBRL | 2025-05-20 | [Banks start forecasting stronger Brazilian real](https://feedsoft.ai/events/24895-banks-start-forecasting-stronger-brazilian-real.md) | +0.2% | -2.9% |
| USDBRL | 2026-09-25 | [Brazilian Real Strengthens Following Inflation Data — TradingView News](https://feedsoft.ai/events/17668-brazilian-real-strengthens-following-inflation-data-tradingview-news.md) | +0.7% | -3.0% |
| USDBRL | 2026-02-23 | [Brazilian Real Hits Strongest Since May 2024](https://feedsoft.ai/events/20791-brazilian-real-hits-strongest-since-may-2024.md) | -0.9% | +2.0% |
| SOY | 2025-12-30 | [Brazilian Real Rebounds After Labor Data](https://feedsoft.ai/events/21715-brazilian-real-rebounds-after-labor-data.md) | -0.7% | +2.4% |
| SOY | 2026-03-12 | [Offshore Yuan Falls on Strong Dollar — TradingView News](https://feedsoft.ai/events/11678-offshore-yuan-falls-on-strong-dollar-tradingview-news.md) | -3.2% | -2.9% |
| SOY | 2026-10-27 | [First Thing Today \| Soybeans see small bounce as Brazilian real stabilizes - Pro Farmer](https://feedsoft.ai/events/436-first-thing-today-soybeans-see-small-bounce-as-brazilian-real-stabilizes-pro.md) | +0.5% | — |

## Sources

- valorinternational.globo.com: https://valorinternational.globo.com/markets/news/2023/11/16/strong-dollar-inflows-support-brazilian-real.ghtml

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