# Brazil's real bucks Latam gloom on hawkish central bank minutes - Markets - Business Recorder

> Brazil's real rose 0.2% on June 22 after central bank minutes showed a 100 basis point hike could come at the next meeting, which would be the fourth straight increase. Most Latin American currencies fell against a rallying dollar, and copper weighed on Chile's peso.

- Date: 2021-06-22 · published 2021-06-22T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/46795-brazil-s-real-bucks-latam-gloom-on-hawkish-central-bank-minutes-markets
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Expected tighter Brazilian monetary policy supports the real and can slow domestic inflation and demand. For feed buyers the currency effect on Brazilian grain export pricing is the main channel, and it is limited.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2021-09-27 | [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 | 2021-10-27 | [Brazil's real gains as bets rise for large rate hike - Markets - Business Recorder](https://feedsoft.ai/events/44785-brazil-s-real-gains-as-bets-rise-for-large-rate-hike-markets-business-recorder.md) | +1.7% | +0.2% |
| 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 | 2021-03-19 | [Brazil's real rallies, eyes longest winning streak since Nov - Markets - Business Recorder](https://feedsoft.ai/events/48308-brazil-s-real-rallies-eyes-longest-winning-streak-since-nov-markets-business.md) | +1.8% | +1.3% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40102139

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