# EMERGING MARKETS-Brazil's real sinks 4%, other FX rally on dollar weakness

> Brazil's real fell more than 4% on fiscal concerns while other emerging market currencies rallied after U.S. October inflation came in below expectations. The dollar fell 1.8% and bets on a smaller Fed hike increased, and Mexico's central bank raised rates by 75 basis points to 10%.

- Date: 2022-11-10 · published 2022-11-10T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/38888-emerging-markets-brazil-s-real-sinks-4-other-fx-rally-on-dollar-weakness
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A weaker dollar supports dollar-priced commodities, while a weaker real improves Brazil's export competitiveness for soybeans and corn.

## Read by commodity

- DXY: bearish ▼
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-08-30 | [EMERGING MARKETS-Latin American currencies up on weaker dollar; Brazil's real lags on rate-cut speculation](https://feedsoft.ai/events/34788-emerging-markets-latin-american-currencies-up-on-weaker-dollar-brazil-s-real.md) | +1.3% | +2.3% |
| DXY | 2023-02-13 | [EMERGING MARKETS-Brazilian real leads Latam FX higher as dollar slips \| Kitco News](https://feedsoft.ai/events/37527-emerging-markets-brazilian-real-leads-latam-fx-higher-as-dollar-slips-kitco-news.md) | +0.3% | +0.6% |
| DXY | 2020-07-24 | [EMERGING MARKETS-Brazil's real hits one-month high, stimulus hopes lift mood](https://feedsoft.ai/events/52313-emerging-markets-brazil-s-real-hits-one-month-high-stimulus-hopes-lift-mood.md) | -0.6% | -1.1% |
| DXY | 2017-11-06 | [U.S. Dollar Slides Against Emerging Markets on Low Yields - WSJ](https://feedsoft.ai/events/68183-u-s-dollar-slides-against-emerging-markets-on-low-yields-wsj.md) | -0.1% | -1.3% |
| DXY | 2024-11-28 | [Euro jump, rising yen put brakes on the dollar - Markets - Business Recorder](https://feedsoft.ai/events/27641-euro-jump-rising-yen-put-brakes-on-the-dollar-markets-business-recorder.md) | -0.3% | +1.3% |
| USDBRL | 2020-03-19 | [Why the U.S. dollar’s relentless rally is causing pain for emerging markets - MarketWatch](https://feedsoft.ai/events/7018-why-the-u-s-dollar-s-relentless-rally-is-causing-pain-for-emerging-markets.md) | -1.1% | +2.8% |
| USDBRL | 2023-05-02 | [EMERGING MARKETS-Brazil's real leads Latam FX down, stocks near one-month low \| Kitco News](https://feedsoft.ai/events/36149-emerging-markets-brazil-and-apos-s-real-leads-latam-fx-down-stocks-near-one.md) | +0.1% | +1.5% |
| 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% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/emerging-markets-brazils-real-sinks-200022517.html

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