# FX Weekly Summary (Brazil Issue)

> The Brazilian real ended the week of September 23 at BRL 5.248, down 0.2% on the week, up 0.9% on the month and down 5.8% year to date against the dollar. StoneX cited Fed tightening, European energy stagflation risk and approaching Brazilian elections as bullish dollar factors, offset by high carry rates and elevated commodity prices.

- Date: 2022-09-26 · published 2022-09-26T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/39795-fx-weekly-summary-brazil-issue
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Currency moves shape the cost of Brazilian soy, corn and meal for global buyers. High commodity prices supporting the real can cap Brazilian export price competitiveness.

## Read by commodity

- USDBRL: neutral

## Sources

- stonex.com: https://www.stonex.com/en-us/insights/fx-weekly-summary-brazil-issue-2022-09-26/

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