# Brazil’s Real Falls as Shock Senate Vote Fuels Fiscal Woes - Bloomberg

> Brazil's real fell as much as 2.1% on August 20 after the Senate unexpectedly overturned a presidential veto. The vote opens the way for increases in public servant wages.

- Date: 2020-08-20 · published 2020-08-20T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/51814-brazil-s-real-falls-as-shock-senate-vote-fuels-fiscal-woes-bloomberg
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A weaker real raises fiscal concern and tends to make Brazilian exports cheaper in dollar terms, which can support Brazilian soybean and meal sales abroad while lifting the cost of imported inputs for local feed producers.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2018-06-07 | [Brazil's Real Is in Free Fall - Bloomberg](https://feedsoft.ai/events/5377-brazil-s-real-is-in-free-fall-bloomberg.md) | -2.8% | +2.8% |
| USDBRL | 2020-03-05 | [Brazilian Real (BRL USD) Plunges to Record Low as Rate Cut Seen - Bloomberg](https://feedsoft.ai/events/9274-brazilian-real-brl-usd-plunges-to-record-low-as-rate-cut-seen-bloomberg.md) | +3.0% | +15.4% |
| USDBRL | 2020-09-30 | [Mexican peso shines, Brazil's real flat amid fiscal worries](https://feedsoft.ai/events/51323-mexican-peso-shines-brazil-s-real-flat-amid-fiscal-worries.md) | -2.3% | +1.3% |
| 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 | 2021-10-19 | [Brazil's real slumps on fiscal concerns, Petrobras slides](https://feedsoft.ai/events/44780-brazil-s-real-slumps-on-fiscal-concerns-petrobras-slides.md) | +1.4% | -0.4% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-08-20/brazil-s-real-declines-as-shock-senate-vote-fuels-fiscal-concern

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