# USD/BRL: Brazilian real tumbles to lowest since June — Octa

> The US dollar rose to its highest level against the Brazilian real since June, gaining more than 6 percent since Trump's election victory. The pair traded near 3.35 after a jump to 3.38, and the central bank suspended a currency swap auction that day.

- Date: 2016-11-10 · published 2016-11-10T12:00:00.000Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/5468-usd-brl-brazilian-real-tumbles-to-lowest-since-june-octa
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A sharp real sell-off raises the dollar cost of Brazilian feed and soybean meal purchases and can make Brazilian soybean exports cheaper for global buyers. Central bank intervention signals official resistance to further sharp moves.

## Read by commodity

- SBM: neutral
- USDBRL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDBRL | 2016-11-10 | 1 | +4.6% | 6.4 | Reports dated 2016-11-10 describe USD/BRL jumping to the highest since June, up more than 6% since the election, with the central bank suspending a swap auction, which matches the size and timing of the 1-day move. |
| USDBRL | 2016-11-16 | 5 | +7.5% | 3.5 | The dollar gained over 6% against the real after the election and hit its highest level since June, which captures the bulk of the move in the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2023-06-30 | [Brazilian Real Technical Analysis: USD/BRL, EUR/BRL](https://feedsoft.ai/events/35694-brazilian-real-technical-analysis-usd-brl-eur-brl.md) | +0.3% | -2.4% |
| USDBRL | 2022-04-25 | [Brazilian real tumbles amid rallying dollar and local tensions](https://feedsoft.ai/events/6864-brazilian-real-tumbles-amid-rallying-dollar-and-local-tensions.md) | +3.5% | +2.0% |
| USDBRL | 2023-09-29 | [Brazilian Real Technical Analysis: USD/BRL Breakout Re-Tests 5.00](https://feedsoft.ai/events/34322-brazilian-real-technical-analysis-usd-brl-breakout-re-tests-5-00.md) | +2.9% | -1.8% |
| USDBRL | 2021-02-23 | [USD/BRL: Brazilian real set to depreciate modestly versus the dollar over the next year – Capital Economics — Octa](https://feedsoft.ai/events/48849-usd-brl-brazilian-real-set-to-depreciate-modestly-versus-the-dollar-over-the.md) | +1.7% | +1.0% |
| SBM | 2019-01-29 | [Brazilian real likely to strengthen further \| Lombard Odier](https://feedsoft.ai/events/61297-brazilian-real-likely-to-strengthen-further-lombard-odier.md) | -0.5% | -2.9% |
| SBM | 2024-08-09 | [Brazil: Real Trouble?](https://feedsoft.ai/events/11943-brazil-real-trouble.md) | -7.2% | -3.9% |
| SBM | 2026-10-27 | [First Thing Today \| Soybeans see small bounce as Brazilian real stabilizes - Pro Farmer](https://feedsoft.ai/events/436-first-thing-today-soybeans-see-small-bounce-as-brazilian-real-stabilizes-pro.md) | -2.3% | — |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/381795/

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