# Brazil's Currency Falls Vs. Dollar After Riot by Bolsonaro Supporters - Markets Insider

> Brazil's currency dropped against the dollar on Monday after supporters of Jair Bolsonaro stormed government buildings in the capital, with at least 1,200 protesters detained. The dollar rose as much as 1.6% to 5.308 reals before paring gains to 0.6%.

- Date: 2023-01-09 · published 2023-01-09T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/37983-brazil-s-currency-falls-vs-dollar-after-riot-by-bolsonaro-supporters-markets
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Political unrest weakening the real improves the export competitiveness of Brazilian soybeans and corn, which can pressure global feed grain and meal prices.

## Read by commodity

- SBM: bearish ▼
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2026-05-13 | [Brazil markets rattled by report linking Flavio Bolsonaro to disgraced banker \| Reuters](https://feedsoft.ai/events/19462-brazil-markets-rattled-by-report-linking-flavio-bolsonaro-to-disgraced-banker.md) | +2.9% | +5.6% |
| USDBRL | 2021-01-22 | [Latam FX falls as dollar rises, Brazil real lags peers for the week - Markets - Business Recorder](https://feedsoft.ai/events/49387-latam-fx-falls-as-dollar-rises-brazil-real-lags-peers-for-the-week-markets.md) | +0.4% | +0.3% |
| USDBRL | 2018-04-26 | [Brazil Traders Just Made A Huge Bet In Currency Options Market](https://feedsoft.ai/events/65704-brazil-traders-just-made-a-huge-bet-in-currency-options-market.md) | +0.9% | +3.8% |
| USDBRL | 2022-10-31 | [Brazil's real down after Lula wins presidential election; Bolsonaro yet to concede](https://feedsoft.ai/events/39344-brazil-s-real-down-after-lula-wins-presidential-election-bolsonaro-yet-to.md) | -5.8% | -1.1% |
| USDBRL | 2019-03-28 | [Bolsonaro struggles to sell Brazil pension bill as markets tumble](https://feedsoft.ai/events/60305-bolsonaro-struggles-to-sell-brazil-pension-bill-as-markets-tumble.md) | -2.9% | +0.4% |
| SBM | 2019-03-28 | [Bolsonaro struggles to sell Brazil pension bill as markets tumble](https://feedsoft.ai/events/60305-bolsonaro-struggles-to-sell-brazil-pension-bill-as-markets-tumble.md) | +2.2% | +0.5% |
| SBM | 2020-04-24 | [Bolsonaro in crisis mode after Brazil justice minister quits \| AP News](https://feedsoft.ai/events/8724-bolsonaro-in-crisis-mode-after-brazil-justice-minister-quits-ap-news.md) | +0.3% | -2.1% |
| SBM | 2017-05-18 | [U.S. grains: Soybeans fall as Brazilian currency dives - AgCanada](https://feedsoft.ai/events/7583-u-s-grains-soybeans-fall-as-brazilian-currency-dives-agcanada.md) | -2.8% | -4.7% |

## Sources

- markets.businessinsider.com: https://markets.businessinsider.com/news/currencies/brazil-dollar-currency-real-protest-riot-capital-congress-bolsonaro-lula-2023-1

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