# Brazil woos sceptical foreign investors with new fiscal plan | Reuters

> The Brazilian real hit a 10-month high in April, and hard-currency bonds returned nearly 4% in the first quarter. A $2.25 billion US dollar bond offering, the country's first in about a year and a half, was oversubscribed. The report links these moves to the government's new fiscal plan.

- Date: 2023-04-24 · published 2023-04-24T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/36625-brazil-woos-sceptical-foreign-investors-with-new-fiscal-plan-reuters
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Stronger investor confidence in Brazil's fiscal path supports the real, which can lower the local-currency value of Brazilian commodity exports and slow farmer selling. The effect on feed markets is indirect and limited.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2022-01-23 | [Foreign investors pare bets against Brazilian real](https://feedsoft.ai/events/43351-foreign-investors-pare-bets-against-brazilian-real.md) | -0.5% | -5.5% |
| USDBRL | 2022-03-24 | [Brazil’s Real and Stocks Are World’s Best as Foreigners Pile In](https://feedsoft.ai/events/12658-brazil-s-real-and-stocks-are-world-s-best-as-foreigners-pile-in.md) | -1.6% | -4.8% |
| USDBRL | 2023-04-13 | [Brazil’s New Fiscal Plan Is Boosting the Real, Treasury Secretary Says \| Brazil News Today](https://feedsoft.ai/events/36627-brazil-s-new-fiscal-plan-is-boosting-the-real-treasury-secretary-says-brazil.md) | +2.3% | +0.4% |
| USDBRL | 2022-01-07 | [Brazil FX backed by good fiscal results in south hemisphere summer lull- Reuters poll – Financial Newsletter](https://feedsoft.ai/events/43354-brazil-fx-backed-by-good-fiscal-results-in-south-hemisphere-summer-lull-reuters.md) | -3.3% | -6.6% |
| USDBRL | 2025-01-29 | [Foreign investors cut bets against the real by $19.3bn](https://feedsoft.ai/events/26710-foreign-investors-cut-bets-against-the-real-by-19-3bn.md) | -1.7% | -1.4% |

## Sources

- reuters.com: https://www.reuters.com/world/americas/brazil-woos-sceptical-foreign-investors-with-new-fiscal-plan-2023-04-24/

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