# FX Weekly Summary (Brazil Issue)

> The Brazilian real closed the week of July 29 at 5.173 per dollar, falling over 30 centavos and erasing its monthly gains. StoneX lists bullish drivers including Fed tightening, October election fiscal risk and European gas cuts, and bearish drivers including an expected Selic rate hike to 13.75%.

- Date: 2022-07-29 · published 2022-07-29T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/40695-fx-weekly-summary-brazil-issue
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A sharp move in the real changes the dollar cost of Brazilian soybeans, corn and meal, which affects export competitiveness and world feed prices. Fiscal and political risk keeps the currency volatile.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2022-06-10 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/11314-fx-weekly-summary-brazil-issue.md) | +3.4% | +9.3% |
| USDBRL | 2024-02-14 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/31877-fx-weekly-summary-brazil-issue.md) | -0.5% | +0.5% |
| USDBRL | 2022-10-03 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/7983-fx-weekly-summary-brazil-issue.md) | -3.4% | -2.9% |
| USDBRL | 2022-04-29 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/42055-fx-weekly-summary-brazil-issue.md) | +1.0% | -4.3% |
| USDBRL | 2024-08-26 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/29020-fx-weekly-summary-brazil-issue.md) | +2.0% | +0.5% |

## Sources

- stonex.com: https://www.stonex.com/en/insights/fx-weekly-summary-brazil-issue-2022-08-01/

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