# FX Weekly Summary (Brazil Issue)

> The Brazilian real fell sharply in the week to August 27, ending at BRL 5.212, a weekly depreciation of 3.2%. The dollar index also declined after Fed Chair Powell's Jackson Hole speech eased markets and lifted risk appetite. Domestic fiscal and political tensions were cited as key risks for the coming week.

- Date: 2021-08-30 · published 2021-08-30T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/45759-fx-weekly-summary-brazil-issue
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar and firmer real generally support dollar-priced commodities such as soybeans and corn, and reduce the cost of Brazilian export offers. Political and fiscal uncertainty in Brazil could reverse that support if the real weakens again.

## Read by commodity

- DXY: bearish ▼
- USDBRL: bearish ▼

## Sources

- stonex.com: https://www.stonex.com/en-us/insights/fx-weekly-summary-brazil-issue-2021-08-31/

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