# Brazilian real leads Latam currencies higher on China lockdown easing | Financial Post

> Latin American currencies strengthened on May 19 as the dollar dropped and metals rebounded, with the Brazilian real leading gains after Chinese authorities outlined plans to exit the Shanghai COVID-19 lockdown. Brazil's Economy Ministry reportedly set its 2022 growth outlook at 1.5%.

- Date: 2022-05-19 · published 2022-05-19T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/41606-brazilian-real-leads-latam-currencies-higher-on-china-lockdown-easing-financial
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Easing Chinese lockdowns raise expectations for Chinese demand for commodities including soybeans and meal, supporting prices, while a firmer real can slightly reduce Brazilian export competitiveness.

## Read by commodity

- SOY: bullish ▲
- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-05-27 | [Brazilian real leads gains among Latam FX \| Financial Post](https://feedsoft.ai/events/47313-brazilian-real-leads-gains-among-latam-fx-financial-post.md) | -4.3% | -7.3% |
| USDBRL | 2023-04-20 | [Latam FX higher against soft dollar, Brazil real snaps 3-day losing streak \| Financial Post](https://feedsoft.ai/events/36623-latam-fx-higher-against-soft-dollar-brazil-real-snaps-3-day-losing-streak.md) | -0.0% | -2.2% |
| USDBRL | 2020-03-20 | [Latam currencies come off record lows, stocks rally \| Financial Post](https://feedsoft.ai/events/7019-latam-currencies-come-off-record-lows-stocks-rally-financial-post.md) | -3.0% | +1.6% |
| USDBRL | 2020-12-10 | [Brazil's real jumps after central bank hints at end of easing cycle \| Financial Post](https://feedsoft.ai/events/49851-brazil-s-real-jumps-after-central-bank-hints-at-end-of-easing-cycle-financial.md) | -0.4% | +6.4% |
| USDBRL | 2021-11-18 | [Brazil's Guedes says political 'noise' weakening real currency \| Financial Post](https://feedsoft.ai/events/44255-brazil-s-guedes-says-political-noise-weakening-real-currency-financial-post.md) | +1.6% | +2.9% |
| SOY | 2020-03-18 | [U.S. corn skids 2.2% to lowest level since September 2016; wheat, soy rise \| Financial Post](https://feedsoft.ai/events/8374-u-s-corn-skids-2-2-to-lowest-level-since-september-2016-wheat-soy-rise.md) | +7.6% | +2.2% |
| SOY | 2020-10-09 | [Dollar drifts downward as investors cling to stimulus hopes \| Financial Post](https://feedsoft.ai/events/50560-dollar-drifts-downward-as-investors-cling-to-stimulus-hopes-financial-post.md) | +1.2% | +4.9% |
| SOY | 2019-12-27 | [Trade optimism puts floor on dollar/yen, boosts Aussie \| Financial Post](https://feedsoft.ai/events/55794-trade-optimism-puts-floor-on-dollar-yen-boosts-aussie-financial-post.md) | -0.8% | -4.3% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/brazilian-real-leads-latam-currencies-higher-on-china-lockdown-easing

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