# Brazil Daily

> Brazil's central bank sold $1 billion in FX swaps to counter the real's decline, which reversed the dollar-real rate from above 4.38 to 4.33 at the close. Economy Minister Paulo Guedes had said a weak currency is good for everybody, and reserves have fallen by $23 billion during 2019.

- Date: 2020-02-14 · published 2020-02-14T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/54784-brazil-daily
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A weaker real supports Brazilian export competitiveness for soybeans and corn, while the intervention's limited effect suggests the currency pressure may persist and keep Brazilian feed exports cheap.

## Read by commodity

- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2020-02-14 | [Brazil's FX intervention may give respite - NYK Daily](https://feedsoft.ai/events/54783-brazil-s-fx-intervention-may-give-respite-nyk-daily.md) | +1.2% | +10.0% |
| USDBRL | 2021-11-12 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/44257-fx-weekly-summary-brazil-issue.md) | +1.4% | +2.3% |
| USDBRL | 2022-08-05 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/40233-fx-weekly-summary-brazil-issue.md) | -1.5% | +0.1% |
| USDBRL | 2021-12-10 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/43825-fx-weekly-summary-brazil-issue.md) | +1.5% | +1.7% |
| 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% |

## Sources

- brazilian.report: https://brazilian.report/newsletters/brazil-daily/2020/02/14/central-bank-currency-intervention-short-lived-effects/

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