# Brazil real to firm, but pre-election fiscal loosening seen as risk - Reuters poll

> A Reuters poll of 28 analysts forecasts the Brazilian real will strengthen about 3.2% to 5.24 per U.S. dollar over three months and 4% to 5.20 in a year, from 5.41. Eight of 13 strategists see risks skewed to the downside, citing planned pre-election social spending.

- Date: 2022-07-07 · published 2022-07-07T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/40694-brazil-real-to-firm-but-pre-election-fiscal-loosening-seen-as-risk-reuters-poll
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A firmer real makes Brazilian exports such as soybeans, corn and meal cheaper in dollar terms, which can ease export selling pressure. Fiscal risk and a possible reversal would support the dollar price of Brazilian commodities.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2025-01-09 | [Brazil's real seen more stable; to trade close to 6 per U.S. dollar at end-2025: Reuters poll](https://feedsoft.ai/events/26709-brazil-s-real-seen-more-stable-to-trade-close-to-6-per-u-s-dollar-at-end-2025.md) | -1.3% | -5.8% |
| USDBRL | 2026-10-08 | [Election jolt fades as Brazil's fiscal math fails to hold investors' conviction. \| 24EcoNews](https://feedsoft.ai/events/8077-election-jolt-fades-as-brazil-s-fiscal-math-fails-to-hold-investors-conviction.md) | +1.0% | — |
| USDBRL | 2026-06-16 | [Goldman Sachs stays bullish on Brazil’s real despite election risks](https://feedsoft.ai/events/10643-goldman-sachs-stays-bullish-on-brazil-s-real-despite-election-risks.md) | +2.5% | +0.5% |
| USDBRL | 2021-06-23 | [Brazil real to strengthen 'much more', says economy minister \| Reuters](https://feedsoft.ai/events/46793-brazil-real-to-strengthen-much-more-says-economy-minister-reuters.md) | -1.2% | +4.6% |
| USDBRL | 2022-11-01 | [Brazil's real jumps as presidential transition to begin, Colombia's peso at record low \| Financial Post](https://feedsoft.ai/events/38952-brazil-s-real-jumps-as-presidential-transition-to-begin-colombia-s-peso-at.md) | -2.4% | +0.2% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/brazil-real-firm-pre-election-112116475.html

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