# Brazil's real gains as bets rise for large rate hike - Markets - Business Recorder

> Brazil's real gained as traders bet on a larger-than-expected central bank rate hike. Peru's sol weakened amid spreading copper mine protests, and most other Latin American currencies were flat to higher as the dollar softened.

- Date: 2021-10-27 · published 2021-10-27T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/44785-brazil-s-real-gains-as-bets-rise-for-large-rate-hike-markets-business-recorder
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Expectations of tighter policy supported the real, which lessens Brazil's export price advantage for grain and meal. Currency moves in the region can also shift relative competitiveness among South American oilseed exporters.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-03-18 | [Brazil's real, Turkish lira rise after rate hikes; other EM FX fall - Markets - Business Recorder](https://feedsoft.ai/events/48309-brazil-s-real-turkish-lira-rise-after-rate-hikes-other-em-fx-fall-markets.md) | -1.8% | +0.5% |
| USDBRL | 2021-09-27 | [Brazil's real outperforms Latam peers - Markets - Business Recorder](https://feedsoft.ai/events/45286-brazil-s-real-outperforms-latam-peers-markets-business-recorder.md) | +0.5% | +4.9% |
| USDBRL | 2021-01-20 | [Brazil's real rises ahead of c.bank meeting, rest of Latam trails - Markets - Business Recorder](https://feedsoft.ai/events/49388-brazil-s-real-rises-ahead-of-c-bank-meeting-rest-of-latam-trails-markets.md) | +1.5% | +2.0% |
| 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 | 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% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40129454

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