# Brazil's real slumps 1% as presidential campaigns begin | Financial Post

> Brazil's real fell about 1% on Tuesday as presidential campaigns began, with investors watching the October election. A poll showed leftist Luiz Inacio Lula da Silva leading far-right incumbent Jair Bolsonaro by 12 percentage points. Other Latin American currencies also slipped amid recession worries.

- Date: 2022-08-16 · published 2022-08-16T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/40232-brazil-s-real-slumps-1-as-presidential-campaigns-begin-financial-post
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Political risk and a possible Lula win could weaken the real, making Brazilian-origin feed and grain exports cheaper in dollar terms and supporting Brazilian export competitiveness. Recession worries add to demand uncertainty for commodities.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2020-03-18 | [Brazil central bank wades into FX, bond markets but real slump accelerates \| Financial Post](https://feedsoft.ai/events/54309-brazil-central-bank-wades-into-fx-bond-markets-but-real-slump-accelerates.md) | +1.1% | +3.8% |
| USDBRL | 2021-10-19 | [Brazil's real slumps on fiscal concerns, Petrobras slides](https://feedsoft.ai/events/44780-brazil-s-real-slumps-on-fiscal-concerns-petrobras-slides.md) | +1.4% | -0.4% |
| USDBRL | 2021-01-29 | [Brazil's real lags Latam FX on a barrage of weak data \| Financial Post](https://feedsoft.ai/events/49383-brazil-s-real-lags-latam-fx-on-a-barrage-of-weak-data-financial-post.md) | +0.5% | +3.2% |
| USDBRL | 2023-05-31 | [Brazil's real leads fall in Latam FX, Chile's peso down as copper output drops \| Financial Post](https://feedsoft.ai/events/36145-brazil-s-real-leads-fall-in-latam-fx-chile-s-peso-down-as-copper-output-drops.md) | -3.0% | -4.3% |
| USDBRL | 2022-11-17 | [Brazil's real, stocks slide after budget proposal; other EM currencies weak \| Financial Post](https://feedsoft.ai/events/38885-brazil-s-real-stocks-slide-after-budget-proposal-other-em-currencies-weak.md) | +0.7% | -0.5% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/brazils-real-slumps-1-as-presidential-campaigns-begin-2

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