# Brazil's real rises ahead of c.bank meeting, rest of Latam trails - Markets - Business Recorder

> Brazil's real rose 0.6% ahead of a central bank meeting where the Copom was expected to keep the Selic rate at a record 2.0%. Analysts expected policy guidance to turn hawkish, with rate normalization possibly starting by the end of the second quarter. Latin American peers traded in a tight range.

- Date: 2021-01-20 · published 2021-01-20T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/49388-brazil-s-real-rises-ahead-of-c-bank-meeting-rest-of-latam-trails-markets
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Expectations of earlier rate hikes support the real, which can make Brazilian dollar-priced commodity exports more expensive for overseas buyers. The effect on feed prices is modest and indirect.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-06-22 | [Brazil's real bucks Latam gloom on hawkish central bank minutes - Markets - Business Recorder](https://feedsoft.ai/events/46795-brazil-s-real-bucks-latam-gloom-on-hawkish-central-bank-minutes-markets.md) | -1.7% | +3.7% |
| 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 | 2021-08-27 | [Latam FX range bound on caution ahead of Powell speech - Markets - Business Recorder](https://feedsoft.ai/events/45832-latam-fx-range-bound-on-caution-ahead-of-powell-speech-markets-business-recorder.md) | -1.5% | +1.9% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40053936

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