# USD/BRL chops either side of 5.50 level as government forecast tweaks stink of staglation: Analytics and Market news from 17 листопада 2021 18:04

> The Brazilian real traded near 5.50 per dollar on November 17, 2021, after the Economy Ministry cut 2021 and 2022 GDP growth forecasts and raised inflation forecasts. Stagflation concerns weighed on sentiment, though comments that spending respects the constitutional cap offered support.

- Date: 2021-11-17 · published 2021-11-17T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/44254-usd-brl-chops-either-side-of-5-50-level-as-government-forecast-tweaks-stink-of
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A weaker real makes Brazilian soybeans, corn and meal cheaper for overseas buyers, supporting Brazilian export flows and pressuring global prices, while higher domestic inflation and rates weigh on domestic feed demand.

## Read by commodity

- SOY: neutral
- CORN: neutral
- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2022-12-23 | [USD/BRL: Fiscal fundamentals continue to be fragile – Rabobank: Analytics and Market news from 23 December 2022 15:34](https://feedsoft.ai/events/38434-usd-brl-fiscal-fundamentals-continue-to-be-fragile-rabobank-analytics-and.md) | +2.3% | -0.5% |
| USDBRL | 2021-10-28 | [USD/BRL Points Lower as Brazilian Central Bank Raises Selic Rate by 1.5% \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/44786-usd-brl-points-lower-as-brazilian-central-bank-raises-selic-rate-by-1-5-forex.md) | +0.7% | +0.2% |
| USDBRL | 2021-04-30 | [Brazil's real plunges as unemployment soars, set for best month in 2021 - Markets - Business Recorder](https://feedsoft.ai/events/47795-brazil-s-real-plunges-as-unemployment-soars-set-for-best-month-in-2021-markets.md) | -1.5% | -1.8% |
| USDBRL | 2023-04-13 | [EMERGING MARKETS-Peru's sol rises before c.bank decision, Latam FX up for third day \| Kitco News](https://feedsoft.ai/events/36696-emerging-markets-peru-and-apos-s-sol-rises-before-c-bank-decision-latam-fx-up.md) | +2.3% | +0.4% |
| USDBRL | 2023-03-31 | [EMERGING MARKETS-Latam FX up for tenth straight session, poised for strongest quarter in a year \| Kitco News](https://feedsoft.ai/events/37169-emerging-markets-latam-fx-up-for-tenth-straight-session-poised-for-strongest.md) | -1.1% | -2.1% |
| SOY | 2025-08-15 | [2025 farm profit forecast: Negative, despite bigger government payments](https://feedsoft.ai/events/23305-2025-farm-profit-forecast-negative-despite-bigger-government-payments.md) | +2.6% | +1.7% |
| SOY | 2023-06-29 | [USD/BRL: Real to suffer if BCB postpones rate cuts due to ongoing criticism of the government – Commerzbank — Octa](https://feedsoft.ai/events/35696-usd-brl-real-to-suffer-if-bcb-postpones-rate-cuts-due-to-ongoing-criticism-of.md) | +5.2% | +5.6% |
| SOY | 2020-02-24 | [Economist expects new considerations in grain markets \| 2020-02-24  \| World Grain](https://feedsoft.ai/events/54625-economist-expects-new-considerations-in-grain-markets-2020-02-24-world-grain.md) | -0.8% | -3.1% |

## Sources

- teletrade.org: https://www.teletrade.org/uk/analytics/market-analysis/market-news/3704901

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