# Brazil's Real Is in Free Fall - Bloomberg

> Brazil's real kept falling despite the central bank selling an extra $2 billion of foreign-exchange swaps, its second intervention above the usual daily offer that week. The currency fell as much as 2.4% on a third day of declines and traded at its weakest level since 2016. Brazilian stocks also fell sharply.

- Date: 2018-06-07 · published 2018-06-07T12:00:00.000Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/5377-brazil-s-real-is-in-free-fall-bloomberg
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Persistent real weakness lowers the dollar cost of Brazilian soy and corn exports, supporting Brazilian selling and pressuring global feed prices. Failed intervention signals the currency may stay under pressure.

## Read by commodity

- USDBRL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDBRL | 2018-06-14 | 5 | -5.8% | -3.9 | Real fell as much as 2.4% to its weakest since 2016 despite extra central bank swap sales, showing strong selling pressure (currency/sentiment) within the window. |
| USDBRL | 2018-06-08 | 1 | -4.7% | -6.6 | Continued real free fall on June 7 despite extra central bank swap offers shows intensifying selling pressure and sentiment-driven depreciation feeding into the multi-day move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2020-08-20 | [Brazil’s Real Falls as Shock Senate Vote Fuels Fiscal Woes - Bloomberg](https://feedsoft.ai/events/51814-brazil-s-real-falls-as-shock-senate-vote-fuels-fiscal-woes-bloomberg.md) | +1.9% | -4.5% |
| USDBRL | 2024-08-09 | [Brazil: Real Trouble?](https://feedsoft.ai/events/11943-brazil-real-trouble.md) | -2.5% | -0.2% |
| USDBRL | 2018-06-08 | [First Argentina, Then Turkey, Brazil. Now South Africa Reels - Bloomberg](https://feedsoft.ai/events/5382-first-argentina-then-turkey-brazil-now-south-africa-reels-bloomberg.md) | -5.8% | -0.6% |
| 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 | 2024-01-22 | [Brazil's real falls after Lula unveils 're-industrialization' plan](https://feedsoft.ai/events/32322-brazil-s-real-falls-after-lula-unveils-re-industrialization-plan.md) | -0.3% | +0.9% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2018-06-07/brazil-doubles-down-on-currency-intervention-as-rout-continues

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