◂ Event Timeline

Aug 7, 2023MACROBrazil

Outlook for the Brazilian Real and the real economy

A Forex.com outlook on the Brazilian real lists bullish and bearish factors including Copom minutes, US consumer inflation and Brazilian economic data. The article notes the USD/BRL ended the week higher.

WHY IT MATTERS

Movements in the real shift the dollar cost of Brazilian soybean and corn exports, which can influence global feed grain pricing at the margin.

AFFECTSBrazilian Real (BRL per USD)◆

SOURCE
forex.comPaul WaltonAug 7, 2023

Price reaction & history

Brazilian Real (BRL per USD)◆neutralSO FAR1d +0.9%5d +0.8%20d +1.8%

After 92 past neutral macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +0.4% over 20.

Sep 16, 2020USD/BRL: BCB unable to support the Brazilian real - TDS - Forex Crunch+3.5%
Mar 19, 2026Brazilian Real Steady After Copom+0.3%
Mar 21, 2025Foreign bets against Brazilian real drop $35bn in three months+1.1%
Jun 24, 2026Brazilian Real: LatAm policy paths and FX levels – Societe Generale-0.3%
Aug 19, 2026Brazilian Real: Election risks then renewed gains – Commerzbank-1.1%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Brazilian Real (BRL per USD) USDBRL · GP ▸

——— · ·

Loading…