# BRL Tumbles Amid Political Uncertainty - ActionForex

> The Brazilian real fell more than 7% against the dollar at the open after newspaper reports about President Temer. Brazilian equities triggered a circuit breaker, and implied volatility on USD/BRL spiked to 24%.

- Date: 2017-05-19 · published 2017-05-19T12:00:00.000Z
- Category: policy · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/4360-brl-tumbles-amid-political-uncertainty-actionforex
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Political turmoil that threatens the reform agenda can push the real lower and make Brazilian soybeans and meal cheaper for overseas buyers.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2025-05-22 | [(BRL/USD) Real Sells Off as Brazil Taxes Remittances to Boost Budget - Bloomberg](https://feedsoft.ai/events/24891-brl-usd-real-sells-off-as-brazil-taxes-remittances-to-boost-budget-bloomberg.md) | -0.2% | -2.7% |
| USDBRL | 2024-11-28 | [(USD BRL) Brazil’s Real Drops to All-Time Low as Spending Cuts Fall Flat - Bloomberg](https://feedsoft.ai/events/12461-usd-brl-brazil-s-real-drops-to-all-time-low-as-spending-cuts-fall-flat-bloomberg.md) | +1.7% | +5.6% |
| USDBRL | 2017-05-18 | [Brazil Real Plunges Against Dollar After Report President Temer Encouraged Bribes \| Fox Business](https://feedsoft.ai/events/4358-brazil-real-plunges-against-dollar-after-report-president-temer-encouraged.md) | +5.6% | +5.6% |
| USDBRL | 2025-01-22 | [Brazilian government officials renew fiscal balance pledge](https://feedsoft.ai/events/26713-brazilian-government-officials-renew-fiscal-balance-pledge.md) | -2.8% | -5.2% |
| USDBRL | 2021-07-07 | [Brazilian Real Stalls on Plans for Dividend Tax Hike, Finds Support on Data](https://feedsoft.ai/events/9911-brazilian-real-stalls-on-plans-for-dividend-tax-hike-finds-support-on-data.md) | -0.5% | +1.1% |

## Sources

- actionforex.com: https://www.actionforex.com/contributors/fundamental-analysis/15754-brl-tumbles-amid-political-uncertainty/

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