# Pressure to devalue Brazil real to ease in 2022, cenbank official says

> A Brazilian central bank official said pressure on the real should ease in 2022. The bank has been intervening in the forex market since late September and has sold $3.5 billion. The official attributed the currency's weakness mainly to fiscal sustainability risk.

- Date: 2021-10-16 · published 2021-10-16T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/44782-pressure-to-devalue-brazil-real-to-ease-in-2022-cenbank-official-says
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Expectations of a firmer real reduce the currency pressure that has been making Brazilian exports more competitive. That could firm the dollar price of Brazilian soybeans and corn over time.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2020-12-10 | [Brazil's real jumps after central bank hints at end of easing cycle \| Financial Post](https://feedsoft.ai/events/49851-brazil-s-real-jumps-after-central-bank-hints-at-end-of-easing-cycle-financial.md) | -0.4% | +6.4% |
| USDBRL | 2021-05-24 | [EMERGING MARKETS-Cenbank forex swap buoys Brazil' real - Costa Alegre Restaurant](https://feedsoft.ai/events/47314-emerging-markets-cenbank-forex-swap-buoys-brazil-real-costa-alegre-restaurant.md) | -2.0% | -5.5% |
| USDBRL | 2017-01-17 | [Brazil real strengthens 1 pct as central bank resumes intervention](https://feedsoft.ai/events/73168-brazil-real-strengthens-1-pct-as-central-bank-resumes-intervention.md) | -1.2% | -3.1% |
| USDBRL | 2024-09-19 | [Brazil’s Central Bank resumes tightening as Fed moves toward easing](https://feedsoft.ai/events/28521-brazil-s-central-bank-resumes-tightening-as-fed-moves-toward-easing.md) | -0.0% | +3.5% |
| USDBRL | 2023-11-17 | [Brazil cenbank chief says external scenario has not affected FX, balance of risks](https://feedsoft.ai/events/33374-brazil-cenbank-chief-says-external-scenario-has-not-affected-fx-balance-of-risks.md) | +0.4% | +1.2% |

## Sources

- reuters.com: https://www.reuters.com/world/americas/pressure-devalue-brazil-real-ease-2022-cenbank-official-says-2021-10-15/

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