# USD/BRL: Fiscal fundamentals continue to be fragile – Rabobank: Analytics and Market news from 23 December 2022 15:34

> Rabobank says the Brazilian real is under pressure from fiscal developments after the presidential election, and forecasts USD/BRL at 5.30 by end-2022 and end-2023. The bank says a credible fiscal plan could partly reverse the trend.

- Date: 2022-12-23 · published 2022-12-23T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/38434-usd-brl-fiscal-fundamentals-continue-to-be-fragile-rabobank-analytics-and
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A weaker real supports Brazilian export competitiveness for soybeans, meal and corn, which can weigh on world feed prices at the margin.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-11-17 | [USD/BRL chops either side of 5.50 level as government forecast tweaks stink of staglation: Analytics and Market news from 17 листопада 2021 18:04](https://feedsoft.ai/events/44254-usd-brl-chops-either-side-of-5-50-level-as-government-forecast-tweaks-stink-of.md) | +2.7% | +3.9% |
| USDBRL | 2024-02-22 | [EMFX: Carry and Domestic Fundamentals Rather Than the USD](https://feedsoft.ai/events/31879-emfx-carry-and-domestic-fundamentals-rather-than-the-usd.md) | +0.5% | +1.6% |
| USDBRL | 2021-07-12 | [USD/BRL: Real should continue to find demand this summer – ING — Octa](https://feedsoft.ai/events/46263-usd-brl-real-should-continue-to-find-demand-this-summer-ing-octa.md) | -3.2% | -0.7% |
| USDBRL | 2020-03-09 | [Brazil central bank to continue FX intervention as long as it takes to calm market \| Financial Post](https://feedsoft.ai/events/6408-brazil-central-bank-to-continue-fx-intervention-as-long-as-it-takes-to-calm.md) | +2.7% | +14.6% |
| USDBRL | 2022-12-13 | [Latam FX: Fiscal fundamentals \| articles \| ING THINK](https://feedsoft.ai/events/38430-latam-fx-fiscal-fundamentals-articles-ing-think.md) | -0.5% | -2.6% |

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3823446

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