# Brazil's real dips on inflation woes, Chile's peso supported by copper | Financial Post

> The Brazilian real fell about 0.5% on November 8, 2021, after IGP-DI inflation rose 1.60% in October. The Chilean peso gained 1.2% as central bank data showed October copper export revenue up 23% year on year.

- Date: 2021-11-08 · published 2021-11-08T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/44258-brazil-s-real-dips-on-inflation-woes-chile-s-peso-supported-by-copper-financial
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Persistent Brazilian inflation and rate hikes weigh on the real, which can make Brazilian grain and meal exports cheaper abroad, while stronger copper revenues show commodity export strength in Chile.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-12-08 | [Brazil's real rallies over 1% ahead of interest rate decision \| Financial Post](https://feedsoft.ai/events/43829-brazil-s-real-rallies-over-1-ahead-of-interest-rate-decision-financial-post.md) | +0.7% | +1.3% |
| USDBRL | 2021-03-23 | [Brazil real up on hawkish Copom minutes, EM peers hit by strong dollar \| Financial Post](https://feedsoft.ai/events/48307-brazil-real-up-on-hawkish-copom-minutes-em-peers-hit-by-strong-dollar-financial.md) | +4.5% | +0.7% |
| USDBRL | 2022-11-01 | [Brazil's real jumps as presidential transition to begin, Colombia's peso at record low \| Financial Post](https://feedsoft.ai/events/38952-brazil-s-real-jumps-as-presidential-transition-to-begin-colombia-s-peso-at.md) | -2.4% | +0.2% |
| USDBRL | 2021-07-23 | [Brazil's real gains on rate-hike bets, but loses for the week \| Financial Post](https://feedsoft.ai/events/46261-brazil-s-real-gains-on-rate-hike-bets-but-loses-for-the-week-financial-post.md) | -3.0% | +3.8% |
| USDBRL | 2022-06-29 | [Fed rate hike bets hit Latam assets; Brazil's real jumps \| Financial Post](https://feedsoft.ai/events/41148-fed-rate-hike-bets-hit-latam-assets-brazil-s-real-jumps-financial-post.md) | +3.9% | +0.8% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/brazils-real-dips-on-inflation-woes-chiles-peso-supported-by-copper

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