# FX Weekly Summary (Brazil Issue)

> The Brazilian real ended the first week of 2022 1.0% weaker at 5.632 per dollar after the Federal Reserve's minutes signaled faster rate hikes and balance sheet reduction. The dollar index rose 0.2% to 95.7 for the week. Analysts flagged fiscal uncertainty over the 2022 budget as a risk to the real.

- Date: 2022-01-07 · published 2022-01-07T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/43355-fx-weekly-summary-brazil-issue
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker real raises the local cost of imported feed inputs and can support Brazilian dollar-priced export values for soy and corn. Continued Fed tightening pressure favors a stronger dollar against emerging-market currencies.

## Read by commodity

- DXY: bullish ▲
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2022-06-10 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/11314-fx-weekly-summary-brazil-issue.md) | +3.4% | +9.3% |
| USDBRL | 2022-07-29 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/40695-fx-weekly-summary-brazil-issue.md) | +0.0% | -1.9% |
| USDBRL | 2022-10-03 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/7983-fx-weekly-summary-brazil-issue.md) | -3.4% | -2.9% |
| USDBRL | 2024-02-14 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/31877-fx-weekly-summary-brazil-issue.md) | -0.5% | +0.5% |
| USDBRL | 2024-08-26 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/29020-fx-weekly-summary-brazil-issue.md) | +2.0% | +0.5% |
| DXY | 2022-06-10 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/11314-fx-weekly-summary-brazil-issue.md) | +1.5% | +3.7% |
| DXY | 2024-02-14 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/31877-fx-weekly-summary-brazil-issue.md) | -0.4% | -1.3% |
| DXY | 2021-11-12 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/44257-fx-weekly-summary-brazil-issue.md) | +0.8% | +1.2% |

## Sources

- stonex.com: https://www.stonex.com/en-gb/insights/fx-weekly-summary-brazil-issue-2022-01-10/

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