# Brazil's FX intervention may give respite - NYK Daily

> Brazil's central bank sold $1 billion in FX swaps on February 13, its first swap intervention in about 18 months, to push back on the real's slide toward record lows. The real reversed from above 4.38 to around 4.31 before settling near 4.34, and the bank is expected to repeat the intervention the following day.

- Date: 2020-02-14 · published 2020-02-14T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/54783-brazil-s-fx-intervention-may-give-respite-nyk-daily
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

The intervention is likely to give only temporary support to the real, so Brazilian dollar-denominated export prices for soy and corn should stay competitive, keeping pressure on global feed prices.

## Read by commodity

- SBM: neutral
- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-02-26 | [Brazil intervenes in FX markets to arrest real's fall — Octa](https://feedsoft.ai/events/48851-brazil-intervenes-in-fx-markets-to-arrest-real-s-fall-octa.md) | +1.4% | +2.6% |
| USDBRL | 2022-09-26 | [Brazil makes first FX intervention of the year - Central Banking](https://feedsoft.ai/events/39790-brazil-makes-first-fx-intervention-of-the-year-central-banking.md) | +3.1% | +0.8% |
| USDBRL | 2020-02-14 | [Brazil Daily](https://feedsoft.ai/events/54784-brazil-daily.md) | +1.2% | +10.0% |
| USDBRL | 2021-03-12 | [FX Daily: Brazilian central bank’s line in the sand \| ING THINK](https://feedsoft.ai/events/48310-fx-daily-brazilian-central-bank-s-line-in-the-sand-ing-think.md) | -0.3% | +0.4% |
| USDBRL | 2023-09-26 | [EMERGING MARKETS-Brazil's real steady after inflation data, Hungary trims interest rates](https://feedsoft.ai/events/34325-emerging-markets-brazil-s-real-steady-after-inflation-data-hungary-trims.md) | +2.3% | +0.7% |
| SBM | 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) | +3.0% | +4.7% |
| SBM | 2019-08-27 | [Brazil central bank to continue FX intervention on Wednesday as real nears record low - The Business Times](https://feedsoft.ai/events/57788-brazil-central-bank-to-continue-fx-intervention-on-wednesday-as-real-nears.md) | -1.7% | +0.8% |
| SBM | 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) | +3.0% | +4.7% |

## Sources

- nykdaily.com: https://nykdaily.com/2020/02/brazils-fx-intervention-may-give-respite/

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