# Brazil real to take near-term support from improving economic outlook

> A Reuters poll of 26 FX analysts expects Brazil's real to gain about 0.6% over three months to 4.81 per US dollar, from 4.84. The currency is expected to lose 3.2% over twelve months to 5.00 per dollar.

- Date: 2023-07-06 · published 2023-07-06T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/35238-brazil-real-to-take-near-term-support-from-improving-economic-outlook
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A firmer real makes Brazilian soybean meal, corn and other exports cheaper in dollar terms for importers, which can weigh on Brazilian origin prices and support basis levels for buyers.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2026-03-26 | [Brazil real expected to strengthen as commodities and carry support currency outlook - BofA By Investing.com](https://feedsoft.ai/events/20383-brazil-real-expected-to-strengthen-as-commodities-and-carry-support-currency.md) | -1.3% | -4.8% |
| USDBRL | 2019-08-23 | [Brazil: Improving domestic outlook versus external headwinds – Rabobank — Octa](https://feedsoft.ai/events/57790-brazil-improving-domestic-outlook-versus-external-headwinds-rabobank-octa.md) | +2.6% | +2.8% |
| USDBRL | 2023-11-16 | [Strong dollar inflows support Brazilian real](https://feedsoft.ai/events/33375-strong-dollar-inflows-support-brazilian-real.md) | +0.6% | +0.8% |
| 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 | 2017-08-08 | [Brazil: Real rises to near three-month high in August \| Economy  \| POST Online Media](https://feedsoft.ai/events/69658-brazil-real-rises-to-near-three-month-high-in-august-economy-post-online-media.md) | +1.6% | -0.1% |

## Sources

- reuters.com: https://www.reuters.com/markets/brazil-real-take-near-term-support-improving-economic-outlook-2023-07-06/

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