# EMERGING MARKETS-Brazilian real leads Latam FX higher as dollar slips | Kitco News

> The Brazilian real rose 0.8% against the dollar on Monday, leading gains across Latin American currencies as the dollar index slipped 0.1%. Investors were cautious ahead of a National Monetary Council meeting that could change Brazil's 2023-24 inflation targets.

- Date: 2023-02-13 · published 2023-02-13T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/37527-emerging-markets-brazilian-real-leads-latam-fx-higher-as-dollar-slips-kitco-news
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer real makes Brazilian soymeal, corn and other exports slightly more expensive in dollar terms, which can weigh on Brazilian export pricing; the move is largely a routine currency update with limited direct effect on feed prices.

## Read by commodity

- DXY: bearish ▼
- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2023-02-02 | [EMERGING MARKETS-Latam FX come off multi-year highs as dollar firms \| Kitco News](https://feedsoft.ai/events/37616-emerging-markets-latam-fx-come-off-multi-year-highs-as-dollar-firms-kitco-news.md) | +2.8% | +2.5% |
| USDBRL | 2023-03-20 | [EMERGING MARKETS-Latam currencies rise against soft dollar \| Kitco News](https://feedsoft.ai/events/37068-emerging-markets-latam-currencies-rise-against-soft-dollar-kitco-news.md) | -0.6% | -6.5% |
| USDBRL | 2023-04-20 | [Latam FX higher against soft dollar, Brazil real snaps 3-day losing streak \| Financial Post](https://feedsoft.ai/events/36623-latam-fx-higher-against-soft-dollar-brazil-real-snaps-3-day-losing-streak.md) | -0.0% | -2.2% |
| USDBRL | 2023-04-13 | [EMERGING MARKETS-Peru's sol rises before c.bank decision, Latam FX up for third day \| Kitco News](https://feedsoft.ai/events/36696-emerging-markets-peru-and-apos-s-sol-rises-before-c-bank-decision-latam-fx-up.md) | +2.3% | +0.4% |
| USDBRL | 2023-03-31 | [EMERGING MARKETS-Latam FX up for tenth straight session, poised for strongest quarter in a year \| Kitco News](https://feedsoft.ai/events/37169-emerging-markets-latam-fx-up-for-tenth-straight-session-poised-for-strongest.md) | -1.1% | -2.1% |
| DXY | 2023-01-31 | [EMERGING MARKETS-Latam FX heads for best month since May \| Kitco News](https://feedsoft.ai/events/38075-emerging-markets-latam-fx-heads-for-best-month-since-may-kitco-news.md) | +1.4% | +2.1% |
| DXY | 2023-03-20 | [EMERGING MARKETS-Latam currencies rise against soft dollar \| Kitco News](https://feedsoft.ai/events/37068-emerging-markets-latam-currencies-rise-against-soft-dollar-kitco-news.md) | -0.9% | -2.2% |
| DXY | 2022-11-10 | [EMERGING MARKETS-Brazil's real sinks 4%, other FX rally on dollar weakness](https://feedsoft.ai/events/38888-emerging-markets-brazil-s-real-sinks-4-other-fx-rally-on-dollar-weakness.md) | -1.6% | -2.8% |

## Sources

- kitco.com: https://www.kitco.com/news/off-the-wire/2023-02-13/emerging-markets-brazilian-real-leads-latam-fx-higher-dollar-slips

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