# China & Brazil: Currencies on Diverging Paths?

> CME analysis argues the Brazilian real may strengthen against the dollar in coming months following Brazil's election, while the Chinese yuan could weaken as the US-China trade war escalates. It notes that Brazil benefits as China redirects soybean and other purchases away from the US. The piece also flags a possible 2019 US currency manipulator designation for China.

- Date: 2018-10-29 · published 2018-10-29T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/62740-china-and-brazil-currencies-on-diverging-paths
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Китайские purchases shifting to Brazil support Brazilian soybean export demand and prices, while a weaker yuan can make Chinese buyers less willing to pay dollar-based prices for US feed ingredients.

## Read by commodity

- SOY: bullish ▲
- USDBRL: bearish ▼
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-10-14 | [Soybeans rise on Chinese buying, dry Brazil weather \| Financial Post](https://feedsoft.ai/events/11786-soybeans-rise-on-chinese-buying-dry-brazil-weather-financial-post.md) | +1.9% | +9.0% |
| SOY | 2019-09-26 | [AUD/USD: Australian Dollar Advances On US — China Trade Optimism - Currency Live](https://feedsoft.ai/events/57331-aud-usd-australian-dollar-advances-on-us-china-trade-optimism-currency-live.md) | +2.8% | +5.0% |
| SOY | 2022-03-02 | [EXCLUSIVE China buys U.S. soybeans on good profits, despite peak Brazil export season](https://feedsoft.ai/events/14946-exclusive-china-buys-u-s-soybeans-on-good-profits-despite-peak-brazil-export.md) | -0.1% | -3.7% |
| SOY | 2019-08-07 | [U.S.-China trade war boosts Brazil local soy prices, spurs deals](https://feedsoft.ai/events/11473-u-s-china-trade-war-boosts-brazil-local-soy-prices-spurs-deals.md) | +2.9% | +1.7% |
| SOY | 2021-09-14 | [China snaps up Brazil soybeans on urgent demand, tight US supply - Fastmarkets](https://feedsoft.ai/events/45119-china-snaps-up-brazil-soybeans-on-urgent-demand-tight-us-supply-fastmarkets.md) | -0.8% | -3.5% |
| USDBRL | 2020-10-19 | [Real up as Brazil, U.S. reinforce trade ties; China data lifts mood \| Financial Post](https://feedsoft.ai/events/50837-real-up-as-brazil-u-s-reinforce-trade-ties-china-data-lifts-mood-financial-post.md) | -0.2% | -4.0% |
| USDBRL | 2025-04-03 | [Brazilian Real at Over 5-Month Highs](https://feedsoft.ai/events/6027-brazilian-real-at-over-5-month-highs.md) | +6.2% | -0.7% |
| USDBRL | 2025-10-13 | [Dollar falls against the real on a day of adjustments after Trump tones down his rhetoric on China \| Brasil 247](https://feedsoft.ai/events/22635-dollar-falls-against-the-real-on-a-day-of-adjustments-after-trump-tones-down.md) | -2.1% | -3.0% |

## Sources

- cmegroup.com: https://www.cmegroup.com/education/featured-reports/china-brazil-currencies-on-diverging-paths

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