# FX Weekly Summary (Brazil Issue)

> The Brazilian real rose for a fifth straight week, closing at BRL 5.234 per dollar on February 11, down 1.5% on the week and 5.9% year to date. Strong foreign appetite for Brazilian assets and the release of Brazil's central bank minutes drove the gains. The U.S. dollar index was 96.0, up 0.6% on the week.

- Date: 2022-02-11 · published 2022-02-11T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/42917-fx-weekly-summary-brazil-issue
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Sustained real strength continues to lower the local-currency cost of imported feed ingredients and fuel for Brazilian producers. It also reduces the dollar value of Brazilian exports, which can support global prices for Brazilian-origin products.

## Read by commodity

- USDBRL: bearish ▼

## Sources

- stonex.com: https://www.stonex.com/en-gb/insights/fx-weekly-summary-brazil-issue-2022-02-14/

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