# Brazil's real surges on iron ore prospects, catchup trade - Markets - Business Recorder

> Brazil's real rose 1.5% on Thursday, recovering after a holiday, supported by record Chinese steel prices that pointed to strong iron ore demand. Most Latin American currencies firmed on a weaker dollar, although new COVID infections held back gains.

- Date: 2021-04-22 · published 2021-04-22T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/47797-brazil-s-real-surges-on-iron-ore-prospects-catchup-trade-markets-business
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Iron ore strength supports Brazil's export earnings and the real, which can make dollar-denominated Brazilian grain and meal exports cheaper for foreign buyers.

## Read by commodity

- USDBRL: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40086899

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