# Brazil's central bank intervenes twice in the week in support of the weakening Real — MercoPress

> Brazil's central bank sold US$787 million in the spot market on Friday after the dollar topped 5.80 reais for the first time since May. This followed a US$1 billion sale on Wednesday. The interventions followed fiscal concerns and the central bank's pledge to keep rates at record lows.

- Date: 2020-10-31 · published 2020-10-31T12:00:00.000Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/50836-brazil-s-central-bank-intervenes-twice-in-the-week-in-support-of-the-weakening
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A weaker real makes Brazilian soy, corn and meat exports cheaper in dollar terms, which can pressure global feed prices, while the intervention signals the currency is near its all-time low.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2024-08-13 | [Brazil's central bank had no reason to intervene in FX amid 'accelerated weakening'](https://feedsoft.ai/events/11942-brazil-s-central-bank-had-no-reason-to-intervene-in-fx-amid-accelerated.md) | -1.8% | +2.6% |
| USDBRL | 2024-08-30 | [Brazil Real Swings on Fiscal Woes, Central Bank Interventions](https://feedsoft.ai/events/29017-brazil-real-swings-on-fiscal-woes-central-bank-interventions.md) | -0.8% | -3.6% |
| USDBRL | 2020-03-09 | [Brazil stocks post biggest fall since 1998, central bank intervenes twice in FX](https://feedsoft.ai/events/6407-brazil-stocks-post-biggest-fall-since-1998-central-bank-intervenes-twice-in-fx.md) | +2.7% | +14.6% |
| USDBRL | 2020-03-04 | [Brazil central bank to intervene in FX swaps market on Thursday](https://feedsoft.ai/events/54310-brazil-central-bank-to-intervene-in-fx-swaps-market-on-thursday.md) | +4.1% | +15.5% |
| USDBRL | 2021-03-03 | [Brazil real slumps to three-month low as central bank intervenes selling $2bn - Markets - Business Recorder](https://feedsoft.ai/events/12205-brazil-real-slumps-to-three-month-low-as-central-bank-intervenes-selling-2bn.md) | +1.7% | +0.6% |

## Sources

- en.mercopress.com: https://en.mercopress.com/2020/10/31/brazil-s-central-bank-intervenes-twice-in-the-week-in-support-of-the-weakening-real

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