# Brazil Real Gains as Lula Woos Centrist to Join Ticket

> The Brazilian real gained after leftist former president Luiz Inacio Lula da Silva, the front-runner in the presidential race, said he would like former Sao Paulo governor Geraldo Alckmin as his running mate. The move reflects easing political risk ahead of the October election.

- Date: 2022-02-01 · published 2022-02-01T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/43353-brazil-real-gains-as-lula-woos-centrist-to-join-ticket
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Reduced political uncertainty in Brazil supports a firmer real, which can slightly lift the cost of Brazilian dollar-priced soy and corn exports. The effect on feed prices is modest.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2026-07-29 | [Brazilian Real Gains as Fed Holds Rates](https://feedsoft.ai/events/18564-brazilian-real-gains-as-fed-holds-rates.md) | -0.0% | +0.7% |
| USDBRL | 2018-12-04 | [Brazil stocks gain; real firms as U.S. dollar weakens](https://feedsoft.ai/events/61764-brazil-stocks-gain-real-firms-as-u-s-dollar-weakens.md) | +2.1% | -3.1% |
| USDBRL | 2025-04-01 | [Brazil regains luster as recession risk, trade war spur global reallocation](https://feedsoft.ai/events/6030-brazil-regains-luster-as-recession-risk-trade-war-spur-global-reallocation.md) | +3.2% | -1.1% |
| USDBRL | 2023-02-17 | [Brazil’s Central Bank Head Extends Hand to Lula, But Maintains Key Demands](https://feedsoft.ai/events/37529-brazil-s-central-bank-head-extends-hand-to-lula-but-maintains-key-demands.md) | -0.9% | +1.0% |
| USDBRL | 2025-02-03 | [Brazil's real sets longest streak of gains in 20 years](https://feedsoft.ai/events/26255-brazil-s-real-sets-longest-streak-of-gains-in-20-years.md) | -0.9% | +0.8% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-01-19/brazilian-real-drops-as-lula-courts-centrist-ex-governor-alckmin

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