# EMERGING MARKETS-Brazil's real hits one-month high, stimulus hopes lift mood

> Brazil's real rose to a one-month high after the central bank launched a program offering up to 120 billion reais in loans to small and medium businesses. Commodity-linked currencies including the Chilean and Mexican pesos firmed as the dollar hit a four-month low, and investors welcomed an EU stimulus plan.

- Date: 2020-07-24 · published 2020-07-24T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/52313-emerging-markets-brazil-s-real-hits-one-month-high-stimulus-hopes-lift-mood
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger real and weaker dollar tend to support dollar-priced commodities and can raise Brazilian farmer selling costs, supporting feed prices. Broad stimulus optimism also lifts risk assets and commodity demand expectations.

## Read by commodity

- DXY: bearish ▼
- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2017-04-17 | [EMERGING MARKETS-Brazil real jumps on central bank intervention](https://feedsoft.ai/events/71706-emerging-markets-brazil-real-jumps-on-central-bank-intervention.md) | +0.1% | -0.8% |
| USDBRL | 2023-02-13 | [EMERGING MARKETS-Brazilian real leads Latam FX higher as dollar slips \| Kitco News](https://feedsoft.ai/events/37527-emerging-markets-brazilian-real-leads-latam-fx-higher-as-dollar-slips-kitco-news.md) | -1.4% | -0.3% |
| USDBRL | 2021-05-24 | [EMERGING MARKETS-Cenbank forex swap buoys Brazil' real - Costa Alegre Restaurant](https://feedsoft.ai/events/47314-emerging-markets-cenbank-forex-swap-buoys-brazil-real-costa-alegre-restaurant.md) | -2.0% | -5.5% |
| USDBRL | 2021-06-16 | [Brazil’s Hawkish Turn Sends Real Surging Near One-Year High - Bloomberg](https://feedsoft.ai/events/46794-brazil-s-hawkish-turn-sends-real-surging-near-one-year-high-bloomberg.md) | -1.8% | -0.1% |
| 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% |
| DXY | 2022-11-10 | [EMERGING MARKETS-Brazil's real sinks 4%, other FX rally on dollar weakness](https://feedsoft.ai/events/38888-emerging-markets-brazil-s-real-sinks-4-other-fx-rally-on-dollar-weakness.md) | -1.6% | -2.8% |
| DXY | 2023-02-13 | [EMERGING MARKETS-Brazilian real leads Latam FX higher as dollar slips \| Kitco News](https://feedsoft.ai/events/37527-emerging-markets-brazilian-real-leads-latam-fx-higher-as-dollar-slips-kitco-news.md) | +0.3% | +0.6% |
| DXY | 2023-08-30 | [EMERGING MARKETS-Latin American currencies up on weaker dollar; Brazil's real lags on rate-cut speculation](https://feedsoft.ai/events/34788-emerging-markets-latin-american-currencies-up-on-weaker-dollar-brazil-s-real.md) | +1.3% | +2.3% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/emerging-markets-brazils-real-hits-145853487.html

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