# Dollar climbs and Central Bank intervenes - ANBA News Agency

> The Brazilian Central Bank sold USD 1.5 billion in currency swaps on August 30, 2018, after the dollar briefly rose above BRL 4.20. The dollar then fell back to about BRL 4.146, still up 0.78% on the day. The Ibovespa closed down 2.53%.

- Date: 2018-08-30 · published 2018-08-30T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/63748-dollar-climbs-and-central-bank-intervenes-anba-news-agency
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Central bank intervention to defend the real lowers Brazil's import costs and supports local feed and grain input prices in reais. It also signals that Brazilian currency stress is easing for now, which can reduce pressure on Brazilian export selling.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2019-01-04 | [Dollar drops to two-month low - ANBA News Agency](https://feedsoft.ai/events/61299-dollar-drops-to-two-month-low-anba-news-agency.md) | -1.4% | -2.0% |
| USDBRL | 2021-10-19 | [Brazil central bank intervenes in FX market rattled by new spending \| Financial Post](https://feedsoft.ai/events/44783-brazil-central-bank-intervenes-in-fx-market-rattled-by-new-spending-financial.md) | +1.4% | -0.4% |
| 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 | 2018-05-22 | [Folha de S.Paulo - Internacional - En - Business - US Dollar Closes below R$ 3.70 after Major Intervention by Brazilian Central Bank - 22/05/2018](https://feedsoft.ai/events/9715-folha-de-s-paulo-internacional-en-business-us-dollar-closes-below-r-3-70-after.md) | +0.5% | +0.6% |
| 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% |

## Sources

- anba.com.br: https://anba.com.br/en/dollar-climbs-central-bank-intervenes/

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