# USD/BRL: Real weakness could hasten if government tries to influence monetary policy – Commerzbank: Analytics and Market news from 31 May 2023 14:41

> Commerzbank says the real could weaken further if the government tries to influence monetary policy during June talks on the 2026 inflation target. It expects the central bank's first rate cut at its August meeting, while Fed cut expectations have been pushed back.

- Date: 2023-05-31 · published 2023-05-31T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/36148-usd-brl-real-weakness-could-hasten-if-government-tries-to-influence-monetary
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A weaker real tends to favor Brazilian exporters of soybeans, corn and meal, but this is an analyst view on currency direction rather than a supply event.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2023-03-29 | [BCB remains on a collision course with the government, BRL at risk – Commerzbank: Analytics and Market news from 29 March 2023 13:55](https://feedsoft.ai/events/37064-bcb-remains-on-a-collision-course-with-the-government-brl-at-risk-commerzbank.md) | -1.5% | -2.1% |
| USDBRL | 2023-06-29 | [USD/BRL: Real to suffer if BCB postpones rate cuts due to ongoing criticism of the government – Commerzbank — Octa](https://feedsoft.ai/events/35696-usd-brl-real-to-suffer-if-bcb-postpones-rate-cuts-due-to-ongoing-criticism-of.md) | +1.7% | -2.6% |
| USDBRL | 2023-10-31 | [USDBRL should reflect monetary policy decisions from Brazil, the US, Japan, and England and data for the US and China](https://feedsoft.ai/events/33832-usdbrl-should-reflect-monetary-policy-decisions-from-brazil-the-us-japan-and.md) | -2.9% | -2.8% |
| USDBRL | 2024-11-11 | [Brazil's currency weakens amid government delays in announcing new fiscal measures \| Reuters](https://feedsoft.ai/events/27614-brazil-s-currency-weakens-amid-government-delays-in-announcing-new-fiscal.md) | -0.6% | +4.7% |
| USDBRL | 2024-09-12 | [Brazilian market has firm prices and new area cut in the summer corn crop](https://feedsoft.ai/events/13549-brazilian-market-has-firm-prices-and-new-area-cut-in-the-summer-corn-crop.md) | -2.9% | -1.2% |

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3869669

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