# USD/BRL: Year end forecast raised by 10-cents to 3.90 - Rabobank - Forex Crunch

> Rabobank raised its year-end USD/BRL forecast by 10 cents to 3.90 for both 2019 and 2020. The bank said about 30% of the move from roughly 3.70 in mid-July to about 4.15 in late September reflects external drivers, mainly the stronger dollar after the Sino-American trade dispute.

- Date: 2019-09-30 · published 2019-09-30T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/57288-usd-brl-year-end-forecast-raised-by-10-cents-to-3-90-rabobank-forex-crunch
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A weaker real forecast supports Brazilian export competitiveness for soybeans, corn and meal, which can cap USD prices. The bank's view that the currency could still ease later adds uncertainty for export-driven demand.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2022-09-19 | [USD/BRL: Still see it a 5.30 by year-end – Rabobank — Elev8](https://feedsoft.ai/events/39794-usd-brl-still-see-it-a-5-30-by-year-end-rabobank-elev8.md) | -0.9% | -0.5% |
| USDBRL | 2018-07-18 | [Brazil: Presidential race about to start - Rabobank - Forex Crunch](https://feedsoft.ai/events/64234-brazil-presidential-race-about-to-start-rabobank-forex-crunch.md) | -3.2% | +0.6% |
| USDBRL | 2020-05-25 | [USD/BRL: Political headwinds facing the real - CIBC - Forex Crunch](https://feedsoft.ai/events/7444-usd-brl-political-headwinds-facing-the-real-cibc-forex-crunch.md) | -3.5% | -6.2% |
| USDBRL | 2018-08-22 | [EM FX focused now on Brazil - Danske Bank - Forex Crunch](https://feedsoft.ai/events/12514-em-fx-focused-now-on-brazil-danske-bank-forex-crunch.md) | +3.3% | +3.0% |
| USDBRL | 2020-04-24 | [USD/BRL surges to fresh record highs above 5.70 after Justice Minister Moro resigns - Forex Crunch](https://feedsoft.ai/events/8725-usd-brl-surges-to-fresh-record-highs-above-5-70-after-justice-minister-moro.md) | -0.4% | +2.7% |

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2019/09/30/usd-brl-year-end-forecast-raised-by-10-cents-to-3-90-rabobank/

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