# Lula Advisers Draft Plans For More Aggressive Brazil FX Policy | IBTimes

> Economic advisers to presidential front-runner Lula da Silva are drafting a more aggressive foreign exchange policy, including more market intervention and tighter derivatives regulation. They criticized the central bank's hands-off approach, which they say has produced the highest implied volatility among Latin American currencies.

- Date: 2022-07-21 · published 2022-07-21T12:00:00.000Z
- Category: policy · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/40696-lula-advisers-draft-plans-for-more-aggressive-brazil-fx-policy-ibtimes
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A policy shift toward currency intervention after an October election could bring sharp swings in the real, affecting the dollar price of Brazilian grain and meal exports. Uncertainty over the central bank relationship adds to risk premiums.

## Read by commodity

- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2024-06-07 | [Brazil Soy Prices: Tax Change Seen Making US More Competitive - Bloomberg](https://feedsoft.ai/events/29784-brazil-soy-prices-tax-change-seen-making-us-more-competitive-bloomberg.md) | +2.3% | +3.9% |
| USDBRL | 2024-11-30 | [Brazil Central Bank to ban self-custody stablecoins as BRL collapses against the USD](https://feedsoft.ai/events/27619-brazil-central-bank-to-ban-self-custody-stablecoins-as-brl-collapses-against.md) | +1.3% | +3.4% |
| USDBRL | 2020-06-18 | [Deforestation in Amazon, MEPs call on EU not to be complicit in it \| AGENCE EUROPE](https://feedsoft.ai/events/52640-deforestation-in-amazon-meps-call-on-eu-not-to-be-complicit-in-it-agence-europe.md) | +0.7% | +1.5% |
| USDBRL | 2025-02-21 | [Brazil's central bank has no exchange rate target, says director \| MarketScreener](https://feedsoft.ai/events/26260-brazil-s-central-bank-has-no-exchange-rate-target-says-director-marketscreener.md) | +2.3% | -0.4% |
| USDBRL | 2025-12-03 | [Analysis: Galípolo moves to contain year-end FX tension](https://feedsoft.ai/events/8059-analysis-galipolo-moves-to-contain-year-end-fx-tension.md) | +1.8% | +2.5% |

## Sources

- ibtimes.com: https://www.ibtimes.com/lula-advisers-draft-plans-more-aggressive-brazil-fx-policy-3581801

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