# EMERGING MARKETS-Brazilian c.bank intervenes as real slumps; Colombian peso drops on tax reform

> Brazil's real fell to a fresh record low on Tuesday, and the central bank intervened twice by selling dollars in the spot market to slow the slide. Separately, a change to Colombia's tax reform raised concerns about a wider fiscal deficit and weighed on the Colombian peso.

- Date: 2019-11-26 · published 2019-11-26T12:00:00.000Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/56346-emerging-markets-brazilian-c-bank-intervenes-as-real-slumps-colombian-peso
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A weaker real makes Brazilian soybeans, corn and meal cheaper for export buyers, which tends to pressure world soy and corn prices while encouraging Brazilian farmers to sell. Intervention may limit the decline in the near term.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- USDBRL: bullish ▲

## 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 | 2021-03-03 | [Brazil real slumps to three-month low as central bank intervenes selling $2bn - Markets - Business Recorder](https://feedsoft.ai/events/12205-brazil-real-slumps-to-three-month-low-as-central-bank-intervenes-selling-2bn.md) | +1.7% | +0.6% |
| USDBRL | 2021-06-29 | [Colombian peso drops over 1%; Mexican peso on a winning streak - Markets - Business Recorder](https://feedsoft.ai/events/46880-colombian-peso-drops-over-1-mexican-peso-on-a-winning-streak-markets-business.md) | +4.8% | +4.4% |
| USDBRL | 2026-08-28 | [Emerging Markets-Colombian peso heads for worst week in three years on fiscal fears - ILF News \| Rallies](https://feedsoft.ai/events/18166-emerging-markets-colombian-peso-heads-for-worst-week-in-three-years-on-fiscal.md) | -1.2% | +0.4% |
| USDBRL | 2024-10-23 | [Market braces for pressure on Brazilian real as Trump’s chances rise](https://feedsoft.ai/events/28085-market-braces-for-pressure-on-brazilian-real-as-trump-s-chances-rise.md) | +0.6% | +1.4% |
| SOY | 2020-03-04 | [Brazil central bank to intervene in FX swaps market on Thursday](https://feedsoft.ai/events/54310-brazil-central-bank-to-intervene-in-fx-swaps-market-on-thursday.md) | -2.2% | -0.8% |
| SOY | 2020-03-18 | [Brazil central bank wades into FX, bond markets but real slump accelerates \| Financial Post](https://feedsoft.ai/events/54309-brazil-central-bank-wades-into-fx-bond-markets-but-real-slump-accelerates.md) | +7.6% | +2.2% |
| SOY | 2024-06-25 | [Lula’s spending plans turn heat on Brazilian markets](https://feedsoft.ai/events/29989-lula-s-spending-plans-turn-heat-on-brazilian-markets.md) | -1.3% | -4.9% |

## Sources

- wallstreetreporter.com: https://www.wallstreetreporter.com/2019/11/26/emerging-markets-brazilian-c-bank-intervenes-as-real-slumps-colombian-peso-drops-on-tax-reform/

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