# Brazil intervenes in FX markets to arrest real's fall — Octa

> Brazil's central bank intervened in foreign exchange markets for the first time this year, selling $1.5 billion in two auctions as the real hit four-month lows. USD/BRL rose to 5.5387, the highest since November 6.

- Date: 2021-02-26 · published 2021-02-26T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/48851-brazil-intervenes-in-fx-markets-to-arrest-real-s-fall-octa
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Central bank FX sales slow the real's decline and can temporarily make Brazilian exports less attractive in dollar terms, though rising US yields are a stronger pull on the currency.

## Read by commodity

- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2023-09-26 | [EMERGING MARKETS-Brazil's real steady after inflation data, Hungary trims interest rates](https://feedsoft.ai/events/34325-emerging-markets-brazil-s-real-steady-after-inflation-data-hungary-trims.md) | +2.3% | +0.7% |
| USDBRL | 2020-02-14 | [Brazil's FX intervention may give respite - NYK Daily](https://feedsoft.ai/events/54783-brazil-s-fx-intervention-may-give-respite-nyk-daily.md) | +1.2% | +10.0% |
| USDBRL | 2022-09-26 | [Brazil makes first FX intervention of the year - Central Banking](https://feedsoft.ai/events/39790-brazil-makes-first-fx-intervention-of-the-year-central-banking.md) | +3.1% | +0.8% |
| USDBRL | 2021-07-01 | [Latam FX fall on virus worries; Brazil's real down 1% \| Financial Post](https://feedsoft.ai/events/46264-latam-fx-fall-on-virus-worries-brazil-s-real-down-1-financial-post.md) | +4.5% | +0.8% |
| USDBRL | 2019-11-21 | [EMERGING MARKETS-Latam FX muted after mixed signals on trade; Brazil stocks gain](https://feedsoft.ai/events/56373-emerging-markets-latam-fx-muted-after-mixed-signals-on-trade-brazil-stocks-gain.md) | +1.5% | -3.3% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/885193/

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