# EMERGING MARKETS-Brazil's real steady after inflation data, Hungary trims interest rates

> Latin American currencies were mixed on September 26, with the Brazilian real up 0.1% after mid-September inflation accelerated to 5.00%, in line with forecasts. The Hungarian central bank cut rates but flagged inflation risks, and the Brazilian central bank signaled a low likelihood of larger rate cuts.

- Date: 2023-09-26 · published 2023-09-26T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/34325-emerging-markets-brazil-s-real-steady-after-inflation-data-hungary-trims
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

With inflation meeting expectations, the real is steady and no new pressure is added to Brazilian export pricing for soy and corn, leaving feed markets largely unaffected.

## Read by commodity

- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-02-26 | [Brazil intervenes in FX markets to arrest real's fall — Octa](https://feedsoft.ai/events/48851-brazil-intervenes-in-fx-markets-to-arrest-real-s-fall-octa.md) | +1.4% | +2.6% |
| USDBRL | 2023-08-30 | [EMERGING MARKETS-Latin American currencies up on weaker dollar; Brazil's real lags on rate-cut speculation](https://feedsoft.ai/events/34788-emerging-markets-latin-american-currencies-up-on-weaker-dollar-brazil-s-real.md) | +2.3% | +4.1% |
| USDBRL | 2023-12-08 | [EMERGING MARKETS-Colombian peso up after inflation data; Latam FX, stocks slip on the week](https://feedsoft.ai/events/32984-emerging-markets-colombian-peso-up-after-inflation-data-latam-fx-stocks-slip-on.md) | -0.1% | -0.6% |
| USDBRL | 2019-11-21 | [EMERGING MARKETS-Latam FX muted after mixed signals on trade; Brazil stocks gain](https://feedsoft.ai/events/56373-emerging-markets-latam-fx-muted-after-mixed-signals-on-trade-brazil-stocks-gain.md) | +1.5% | -3.3% |
| USDBRL | 2021-03-30 | [Brazil's real steady after ministerial reshuffle, jobs data \| Financial Post](https://feedsoft.ai/events/48305-brazil-s-real-steady-after-ministerial-reshuffle-jobs-data-financial-post.md) | -2.1% | -5.7% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/emerging-markets-brazils-real-steady-152820650.html

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