# Real, Ruble Among EM Currencies to Watch in Event of Trade Deal - Bloomberg

> A Bloomberg analysis ranks how emerging-market currencies would respond to a U.S.-China trade deal. The Brazilian real is expected to be the strongest performer in that scenario, while the Thai baht and Israeli shekel would be the least responsive.

- Date: 2019-09-29 · published 2019-09-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/57285-real-ruble-among-em-currencies-to-watch-in-event-of-trade-deal-bloomberg
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A trade deal would likely lift risk appetite and weaken the dollar, with the real gaining most. A stronger real would make Brazilian soybeans and soymeal dearer in dollar terms, so the scenario carries some export-competitiveness implications for Brazil.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2024-04-16 | [Resurgent Dollar, Higher Yields Send EM Currencies to 2024 Lows - Bloomberg](https://feedsoft.ai/events/11278-resurgent-dollar-higher-yields-send-em-currencies-to-2024-lows-bloomberg.md) | +0.6% | -0.4% |
| USDBRL | 2019-12-05 | [Latin America’s Currencies Are Back From the Brink of Collapse - Bloomberg](https://feedsoft.ai/events/55825-latin-america-s-currencies-are-back-from-the-brink-of-collapse-bloomberg.md) | -1.7% | -3.6% |
| USDBRL | 2024-09-10 | [Emerging Currencies Weaken for Second Day as Stocks Halt Selloff - Bloomberg](https://feedsoft.ai/events/12465-emerging-currencies-weaken-for-second-day-as-stocks-halt-selloff-bloomberg.md) | -1.7% | -2.1% |
| USDBRL | 2023-11-08 | [Emerging market currencies to claw back ground in 2024 as dollar fades: Reuters poll](https://feedsoft.ai/events/33378-emerging-market-currencies-to-claw-back-ground-in-2024-as-dollar-fades-reuters.md) | -0.2% | +0.7% |
| USDBRL | 2024-07-29 | [Latin American Currencies Tumble Ahead Of Key Central Bank Decisions - Finimize](https://feedsoft.ai/events/29525-latin-american-currencies-tumble-ahead-of-key-central-bank-decisions-finimize.md) | +1.4% | -2.6% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-09-29/real-ruble-among-em-currencies-to-watch-in-event-of-trade-deal

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