# USD/BRL: Projected at 3.70 by year-end - Rabobank — Octa

> Rabobank reaffirmed its end-2019 forecast of USD/BRL at 3.70. It attributes most of the real's weakness over the past year to a stronger global dollar driven by US tariffs, with local reform optimism partly offsetting. The bank expects a limited real rally this year given mixed global conditions.

- Date: 2019-07-05 · published 2019-07-05T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/58291-usd-brl-projected-at-3-70-by-year-end-rabobank-octa
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A weaker real than some expect keeps Brazilian soybean, meal and corn offers competitive on world markets, which can cap upside in dollar-denominated feed prices.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-07-05 | [USD/BRL to end the year at 5.10 as the real shows its strength – MUFG — Octa](https://feedsoft.ai/events/9909-usd-brl-to-end-the-year-at-5-10-as-the-real-shows-its-strength-mufg-octa.md) | +3.0% | +1.6% |
| USDBRL | 2016-12-19 | [Brazil: upside prospects for BRL, but only for half year - Danske Bank — Octa](https://feedsoft.ai/events/73677-brazil-upside-prospects-for-brl-but-only-for-half-year-danske-bank-octa.md) | -3.5% | -4.8% |
| USDBRL | 2017-01-11 | [Brazil: Dissecting the BRL's outperformance - Rabobank — Octa](https://feedsoft.ai/events/73181-brazil-dissecting-the-brl-s-outperformance-rabobank-octa.md) | +0.8% | -2.1% |
| USDBRL | 2017-08-07 | [Brazil: We expect a near-term rally in the BRL - Danske Bank — Octa](https://feedsoft.ai/events/69657-brazil-we-expect-a-near-term-rally-in-the-brl-danske-bank-octa.md) | +1.5% | +0.4% |
| USDBRL | 2017-08-25 | [USD/BRL heading towards 3.00 in the next months – Danske Bank — Octa](https://feedsoft.ai/events/69656-usd-brl-heading-towards-3-00-in-the-next-months-danske-bank-octa.md) | +0.1% | -0.5% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/722250/

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