# Brazil central bank to continue FX intervention on Wednesday as real nears record low - The Business Times

> The Brazilian central bank sold dollars on the spot market on Tuesday for the first time in 10 years without additional instruments, as the real slid to an 11-month low near its record. It announced plans to sell up to US$1.5 billion more on Wednesday, plus a US$550 million swap-linked sale. The real rebounded to about 4.13 per dollar after the announcement.

- Date: 2019-08-27 · published 2019-08-27T12:00:00.000Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/57788-brazil-central-bank-to-continue-fx-intervention-on-wednesday-as-real-nears
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A weaker real makes Brazilian soybeans, corn and meal cheaper for export buyers, which can pressure global feed prices. Central bank intervention may slow that currency-driven pressure on Brazilian export pricing.

## Read by commodity

- SBM: neutral
- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2020-03-09 | [Brazil central bank to continue FX intervention as long as it takes to calm market \| Financial Post](https://feedsoft.ai/events/6408-brazil-central-bank-to-continue-fx-intervention-as-long-as-it-takes-to-calm.md) | +2.7% | +14.6% |
| USDBRL | 2017-01-17 | [Brazil real strengthens 1 pct as central bank resumes intervention](https://feedsoft.ai/events/73168-brazil-real-strengthens-1-pct-as-central-bank-resumes-intervention.md) | -1.2% | -3.1% |
| USDBRL | 2017-04-17 | [EMERGING MARKETS-Brazil real jumps on central bank intervention](https://feedsoft.ai/events/71706-emerging-markets-brazil-real-jumps-on-central-bank-intervention.md) | +0.1% | -0.8% |
| USDBRL | 2021-06-22 | [Brazil's real bucks Latam gloom on hawkish central bank minutes - Markets - Business Recorder](https://feedsoft.ai/events/46795-brazil-s-real-bucks-latam-gloom-on-hawkish-central-bank-minutes-markets.md) | -1.7% | +3.7% |
| USDBRL | 2021-01-20 | [Brazil's real rises ahead of c.bank meeting, rest of Latam trails - Markets - Business Recorder](https://feedsoft.ai/events/49388-brazil-s-real-rises-ahead-of-c-bank-meeting-rest-of-latam-trails-markets.md) | +1.5% | +2.0% |
| SBM | 2024-08-30 | [Brazil Real Swings on Fiscal Woes, Central Bank Interventions](https://feedsoft.ai/events/29017-brazil-real-swings-on-fiscal-woes-central-bank-interventions.md) | +3.0% | +4.7% |
| SBM | 2024-08-30 | [Spot dollar closes higher for the 5th session despite interventions by the Central Bank \| Brasil 247](https://feedsoft.ai/events/29018-spot-dollar-closes-higher-for-the-5th-session-despite-interventions-by-the.md) | +3.0% | +4.7% |
| SBM | 2020-02-14 | [Brazil's FX intervention may give respite - NYK Daily](https://feedsoft.ai/events/54783-brazil-s-fx-intervention-may-give-respite-nyk-daily.md) | -0.9% | +1.4% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/international/brazil-central-bank-continue-fx-intervention-wednesday-real-nears-record-low

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