# USDBRL soars, COFFEE down as Brazil cuts rates | XTB

> The Central Bank of Brazil cut its Selic rate by 50 basis points to a record low of 5.5% on September 18. The real sold off sharply the next day, and coffee fell about 1.5%.

- Date: 2019-09-19 · published 2019-09-19T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/57286-usdbrl-soars-coffee-down-as-brazil-cuts-rates-xtb
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A weaker real makes Brazilian exports cheaper in dollar terms, which tends to support export selling of soybeans, soymeal and other commodities. Lower Brazilian rates can also pressure the currency and push USD/BRL higher.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2017-09-05 | [Brazil: Rate cuts to continue](https://feedsoft.ai/events/69154-brazil-rate-cuts-to-continue.md) | -1.3% | +0.9% |
| USDBRL | 2026-06-24 | [BRL Weakens as US-Brazil Rate Gap Narrows](https://feedsoft.ai/events/19018-brl-weakens-as-us-brazil-rate-gap-narrows.md) | -0.3% | -2.4% |
| USDBRL | 2020-03-05 | [Brazilian Real (BRL USD) Plunges to Record Low as Rate Cut Seen - Bloomberg](https://feedsoft.ai/events/9274-brazilian-real-brl-usd-plunges-to-record-low-as-rate-cut-seen-bloomberg.md) | +3.0% | +15.4% |
| USDBRL | 2017-05-31 | [Brazil slashes rates, eyes dial down in political storm \| Reuters](https://feedsoft.ai/events/71195-brazil-slashes-rates-eyes-dial-down-in-political-storm-reuters.md) | +0.5% | +1.7% |
| USDBRL | 2019-10-30 | [Brazil: BCB to cut rates by 50bps – TDS — Octa](https://feedsoft.ai/events/56777-brazil-bcb-to-cut-rates-by-50bps-tds-octa.md) | -0.1% | +6.6% |

## Sources

- xtb.com: https://www.xtb.com/int/market-analysis/news-and-research/usdbrl-soars-coffee-down-as-brazil-cuts-rates

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