# Analysis: War shuffles moves of central banks in Brazil, abroad

> Brazilian economists wrote that Russia's invasion of Ukraine adds to global inflation, pushing the central bank toward higher interest rates. The real had been strengthening, trading near R$5 per dollar, but it weakened once the invasion began. Commodity prices in reais, especially grains and energy, were rising.

- Date: 2022-02-24 · published 2022-02-24T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/42916-analysis-war-shuffles-moves-of-central-banks-in-brazil-abroad
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Higher grain and energy prices in reais raise feed and fuel costs for Brazilian livestock and poultry producers. A weaker real partly offsets that by making Brazilian exports more competitive, while tighter monetary policy could slow domestic demand.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2022-06-14 | [Analysis: Exchange rate unlikely to mean trouble for Brazil’s Central Bank](https://feedsoft.ai/events/11313-analysis-exchange-rate-unlikely-to-mean-trouble-for-brazil-s-central-bank.md) | +0.7% | +5.4% |
| USDBRL | 2024-08-30 | [Brazil Real Swings on Fiscal Woes, Central Bank Interventions](https://feedsoft.ai/events/29017-brazil-real-swings-on-fiscal-woes-central-bank-interventions.md) | -0.8% | -3.6% |
| USDBRL | 2020-03-04 | [Brazil central bank to intervene in FX swaps market on Thursday](https://feedsoft.ai/events/54310-brazil-central-bank-to-intervene-in-fx-swaps-market-on-thursday.md) | +4.1% | +15.5% |
| USDBRL | 2020-10-31 | [Brazil's central bank intervenes twice in the week in support of the weakening Real — MercoPress](https://feedsoft.ai/events/50836-brazil-s-central-bank-intervenes-twice-in-the-week-in-support-of-the-weakening.md) | -5.2% | -9.0% |
| USDBRL | 2023-06-27 | [Brazil central bank minutes raise possibility of August rate cut \| Reuters](https://feedsoft.ai/events/35693-brazil-central-bank-minutes-raise-possibility-of-august-rate-cut-reuters.md) | +0.4% | -0.5% |

## Sources

- valorinternational.globo.com: https://valorinternational.globo.com/economy/news/2022/02/24/analysis-war-shuffles-moves-of-central-banks-in-brazil-abroad.ghtml

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