# Brazil: Economy under pressure? - TDS - Forex Crunch

> TD Securities strategist Sacha Tihanyi says the failure to hold a CCJ vote last week shows pension reform is less likely to pass before the summer recess. He expects a middling reform outcome and sees the real weakening toward 4.20 per US dollar in the near term.

- Date: 2019-04-23 · published 2019-04-23T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/59783-brazil-economy-under-pressure-tds-forex-crunch
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Expected real weakness raises the BRL cost of dollar-priced feed imports for Brazilian buyers. A reform rally later in the year could reverse that pressure.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2026-10-01 | [Brazilian Real Under Pressure Ahead of Election](https://feedsoft.ai/events/4935-brazilian-real-under-pressure-ahead-of-election.md) | -3.5% | +4.1% |
| 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 | 2024-12-03 | [FX Daily: BRICS currencies under pressure \| articles \| ING THINK](https://feedsoft.ai/events/12462-fx-daily-brics-currencies-under-pressure-articles-ing-think.md) | -0.2% | +1.8% |
| USDBRL | 2024-07-15 | [Brazil: the real economy and markets - the quest for synchronicity](https://feedsoft.ai/events/29481-brazil-the-real-economy-and-markets-the-quest-for-synchronicity.md) | +1.9% | +1.0% |

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2019/04/23/brazil-economy-under-pressure-tds/

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