# USD/BRL: Real should continue to find demand this summer – ING — Octa

> ING economists expect the Brazilian real to outperform this summer despite a recent correction from a low near 4.89 per dollar. They cite Brazil's record trade surplus, improving COVID-19 case numbers and a hawkish central bank that may move to 100 basis point hikes. ING expects commodity prices to hold gains this year.

- Date: 2021-07-12 · published 2021-07-12T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/46263-usd-brl-real-should-continue-to-find-demand-this-summer-ing-octa
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A forecast of a firmer real and sustained commodity prices signals that Brazilian export values may stay supported, which is a background factor for feed ingredient pricing rather than an immediate driver.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-07-05 | [USD/BRL to end the year at 5.10 as the real shows its strength – MUFG — Octa](https://feedsoft.ai/events/9909-usd-brl-to-end-the-year-at-5-10-as-the-real-shows-its-strength-mufg-octa.md) | +3.0% | +1.6% |
| USDBRL | 2021-08-04 | [USD/BRL: Hawkish BCB to provide further anchor to the real – Credit Suisse — Octa](https://feedsoft.ai/events/45761-usd-brl-hawkish-bcb-to-provide-further-anchor-to-the-real-credit-suisse-octa.md) | -0.8% | -1.8% |
| USDBRL | 2020-12-09 | [USD/BRL to extend the decline to 5.00 – Credit Suisse — Octa](https://feedsoft.ai/events/49855-usd-brl-to-extend-the-decline-to-5-00-credit-suisse-octa.md) | +0.6% | +6.0% |
| USDBRL | 2017-08-25 | [USD/BRL heading towards 3.00 in the next months – Danske Bank — Octa](https://feedsoft.ai/events/69656-usd-brl-heading-towards-3-00-in-the-next-months-danske-bank-octa.md) | +0.1% | -0.5% |
| USDBRL | 2018-10-29 | [USD/BRL: Further recovery of the real for now until optimism fades - ABN AMRO — Octa](https://feedsoft.ai/events/62738-usd-brl-further-recovery-of-the-real-for-now-until-optimism-fades-abn-amro-octa.md) | +0.7% | +6.1% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/912346/

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