# Brazil real extends slump despite increased intervention

> The Brazilian real weakened about 3 percent in early trading on Friday, even after the central bank stepped up currency interventions. The move reflected lingering concern over Donald Trump's US presidential election victory earlier that week.

- Date: 2016-11-11 · published 2016-11-11T12:00:00.000Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/5466-brazil-real-extends-slump-despite-increased-intervention
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A weaker real raises the cost of dollar-priced feed imports for Brazil and tends to make Brazilian soybean and corn exports more competitive, which can support Brazilian export prices. Persistent intervention may limit how far the currency falls.

## Read by commodity

- USDBRL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDBRL | 2016-11-16 | 5 | +7.5% | 3.5 | The real fell a further ~3% on Nov 11 despite stepped-up central bank intervention, showing continued Trump-related selling pressure. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2018-05-18 | [EMERGING MARKETS-Brazil real slumps despite intervention amid emerging market selloff](https://feedsoft.ai/events/9713-emerging-markets-brazil-real-slumps-despite-intervention-amid-emerging-market.md) | -1.8% | +1.2% |
| 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 | 2018-05-15 | [Brazil's real continues its slump amid election uncertainty \| AP News](https://feedsoft.ai/events/65228-brazil-s-real-continues-its-slump-amid-election-uncertainty-ap-news.md) | +2.4% | +1.5% |
| USDBRL | 2020-03-12 | [Brazil ups FX intervention, pledges to ease bond market strains](https://feedsoft.ai/events/6394-brazil-ups-fx-intervention-pledges-to-ease-bond-market-strains.md) | +9.2% | +10.4% |
| USDBRL | 2024-08-30 | [Spot dollar closes higher for the 5th session despite interventions by the Central Bank \| Brasil 247](https://feedsoft.ai/events/29018-spot-dollar-closes-higher-for-the-5th-session-despite-interventions-by-the.md) | -0.8% | -3.6% |

## Sources

- reuters.com: https://www.reuters.com/article/brazil-forex-idUSZXN0QVI05/?feedName=usDollarRpt&feedType=RSS

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