# Citywire Selector | Brazil could be the surprise story of 2021, says Pictet EMD chief

> Pictet's head of emerging market debt, Mary-Thérèse Barton, says Brazil could surprise investors in 2021 if it addresses its fiscal and domestic challenges. She notes that the fiscal stimulus and very low interest rates have weighed on the real. She argues the currency will remain driven by domestic issues.

- Date: 2020-12-14 · published 2020-12-14T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/49853-citywire-selector-brazil-could-be-the-surprise-story-of-2021-says-pictet-emd
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

This is an investment opinion rather than a new event. Its impact on feed prices is limited, although a firmer real would make Brazilian soy and corn cheaper in dollar terms.

## Read by commodity

- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2023-12-12 | [USDBRL should reflect Brazil's GDP, employment and services in the US, and data for China](https://feedsoft.ai/events/32942-usdbrl-should-reflect-brazil-s-gdp-employment-and-services-in-the-us-and-data.md) | -0.1% | -1.0% |
| USDBRL | 2018-08-03 | [Brazil: 2018 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Brazil in: IMF Staff Country Reports Volume 2018 Issue 253 (2018)](https://feedsoft.ai/events/9468-brazil-2018-article-iv-consultation-press-release-staff-report-and-statement-by.md) | +1.6% | +11.9% |
| USDBRL | 2019-03-21 | [221th Meeting of the Monetary Policy Committee (“Copom”) of the Central Bank of Brazil Press Release — The Industry Spread](https://feedsoft.ai/events/60308-221th-meeting-of-the-monetary-policy-committee-copom-of-the-central-bank-of.md) | +4.6% | +4.0% |
| USDBRL | 2024-01-29 | [One more cut from Brazil and the Selic is ‘neutral’ \| opinions \| ING THINK](https://feedsoft.ai/events/32325-one-more-cut-from-brazil-and-the-selic-is-neutral-opinions-ing-think.md) | +1.1% | +1.5% |
| USDBRL | 2026-08-19 | [Brazilian Real: Election risks then renewed gains – Commerzbank](https://feedsoft.ai/events/18107-brazilian-real-election-risks-then-renewed-gains-commerzbank.md) | -1.1% | -1.2% |

## Sources

- citywire.com: https://citywire.com/selector/news/brazil-could-be-the-surprise-story-of-2021-says-pictet-emd-chief/a1439026

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