# FX Daily: Brazil intervenes to prop up real but is it enough? | articles | ING THINK

> Brazil's central bank stepped into the market to support the real after USD/BRL reached an all-time high. The dollar stayed broadly firm on mixed sentiment, and ING expects the Brazilian central bank to need further action to stabilise the currency. Trade-deal optimism between the US and China was noted but had not weakened the dollar.

- Date: 2019-11-27 · published 2019-11-27T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/56275-fx-daily-brazil-intervenes-to-prop-up-real-but-is-it-enough-articles-ing-think
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Intervention to defend the real slows the currency's slide, which helps limit the rise in Brazil's import costs for feed ingredients and fuel. Continued dollar strength would still keep pressure on Brazilian export competitiveness.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2019-11-26 | [Brazil Intervenes Twice to Prop Up Real After Fall to Record - Bloomberg](https://feedsoft.ai/events/56272-brazil-intervenes-twice-to-prop-up-real-after-fall-to-record-bloomberg.md) | -0.5% | -3.1% |
| USDBRL | 2018-10-29 | [Bid on Brazil’s Bolsonaro \| articles \| ING THINK](https://feedsoft.ai/events/62739-bid-on-brazil-s-bolsonaro-articles-ing-think.md) | +0.7% | +6.1% |
| USDBRL | 2023-09-11 | [Latam FX Talking: Large easing cycles in Brazil and Chile \| articles \| ING THINK](https://feedsoft.ai/events/34324-latam-fx-talking-large-easing-cycles-in-brazil-and-chile-articles-ing-think.md) | -2.2% | +3.6% |
| USDBRL | 2022-12-13 | [Latam FX: Fiscal fundamentals \| articles \| ING THINK](https://feedsoft.ai/events/38430-latam-fx-fiscal-fundamentals-articles-ing-think.md) | -0.5% | -2.6% |
| USDBRL | 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) | +0.5% | +0.5% |

## Sources

- think.ing.com: https://think.ing.com/articles/fx-daily-brazil-intervenes-to-prop-up-real-but-is-it-enough/

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