# Brazil's real plunges as unemployment soars, set for best month in 2021 - Markets - Business Recorder

> Brazil's real fell 1.3% on Friday after IBGE reported unemployment jumped to a record 14.4 million in the three months through February. Brazil became the second country to pass 400,000 COVID-19 deaths, though the real still posted its best monthly gain since November.

- Date: 2021-04-30 · published 2021-04-30T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/47795-brazil-s-real-plunges-as-unemployment-soars-set-for-best-month-in-2021-markets
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Weak domestic labour data and rising COVID deaths weigh on Brazil's economic outlook and sentiment, while a stronger real makes Brazilian exports more expensive in dollar terms, a modest headwind for Brazilian soy and corn competitiveness.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2021-09-27 | [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 | 2021-03-19 | [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% |
| 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 | 2021-03-18 | [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% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40089254

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