# FX Weekly Overview (Brazil Issue)

> StoneX's weekly FX outlook says the real closed the week of July 28 at 4.732 per dollar, down 1.0% on the week. The dollar index was at 101.4, and the report expects the central bank to cut the Selic rate.

- Date: 2023-07-31 · published 2023-07-31T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/35240-fx-weekly-overview-brazil-issue
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A stronger real reduces the local-currency cost of Brazilian soybean and corn exports, which can cap dollar-denominated export prices for buyers.

## Read by commodity

- SBM: neutral
- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2024-03-04 | [FX Weekly Overview (Brazil Issue)](https://feedsoft.ai/events/31430-fx-weekly-overview-brazil-issue.md) | +0.6% | +1.4% |
| USDBRL | 2025-09-29 | [FX Weekly Overview (Brazil Issue)](https://feedsoft.ai/events/23091-fx-weekly-overview-brazil-issue.md) | +0.1% | +0.7% |
| USDBRL | 2025-06-30 | [FX Weekly Overview (Brazil Issue)](https://feedsoft.ai/events/24420-fx-weekly-overview-brazil-issue.md) | -0.3% | +2.1% |
| USDBRL | 2025-04-28 | [FX Weekly Overview (Brazil Issue)](https://feedsoft.ai/events/25313-fx-weekly-overview-brazil-issue.md) | -0.6% | +0.1% |
| USDBRL | 2022-03-25 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/42474-fx-weekly-summary-brazil-issue.md) | -1.9% | -4.1% |
| SBM | 2020-02-14 | [Brazil's FX intervention may give respite - NYK Daily](https://feedsoft.ai/events/54783-brazil-s-fx-intervention-may-give-respite-nyk-daily.md) | -0.9% | +1.4% |
| SBM | 2024-08-30 | [Brazil Real Swings on Fiscal Woes, Central Bank Interventions](https://feedsoft.ai/events/29017-brazil-real-swings-on-fiscal-woes-central-bank-interventions.md) | +3.0% | +4.7% |
| SBM | 2024-08-09 | [Brazil: Real Trouble?](https://feedsoft.ai/events/11943-brazil-real-trouble.md) | -7.2% | -3.9% |

## Sources

- stonex.com: https://www.stonex.com/en-us/insights/fx-weekly-overview-brazil-issue-2023-07-31/

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