# Brazil stocks post steepest fall since 1998, real hits historic low 5.00 per dollar | Reuters

> Brazilian stocks posted their steepest fall since 1998 and the real hit a historic low of 5.00 per dollar. The article is a headline page with little further detail.

- Date: 2020-03-12 · published 2020-03-12T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/6396-brazil-stocks-post-steepest-fall-since-1998-real-hits-historic-low-5-00-per
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A sharp currency drop makes Brazilian exports cheaper in dollar terms, which is mildly bearish for dollar prices of Brazilian grains.

## Read by commodity

- USDBRL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDBRL | 2020-03-12 | 1 | +3.7% | 5.1 | Same-day Brazilian stock crash and the real breaching a record low of 5.00 per dollar reflect the risk-off sentiment and capital outflows behind the 3.67% BRL depreciation. |
| USDBRL | 2020-03-18 | 5 | +9.2% | 4.5 | On March 12 the real hit a record low of 5.00 as Brazilian stocks suffered their steepest fall since 1998, reflecting risk-off capital flight. |
| USDBRL | 2020-03-16 | 1 | +4.6% | 5.1 | The record-low real and steepest stock fall since 1998 on March 12 reflect the risk-off, capital-outflow sentiment that likely continued into March 16. |

## Sources

- reuters.com: https://www.reuters.com/article/us-brazil-markets/brazil-stocks-post-steepest-fall-since-1998-real-hits-historic-low-5-00-per-dollar-idUSKBN20Z3J1/

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