# Brazil stocks jump 7% in biggest gain since 2009, FX intervention boosts real | The Mighty 790 KFGO | KFGO

> Brazilian stocks posted their biggest one-day gain in 11 years, with Petrobras and Vale rising 8.7% and 18.1%. The central bank's third spot intervention in two days, a $2 billion sale, helped the real post its biggest rally of the year after a record low the previous day. The rebound followed a global relief rally that lifted Wall Street more than 4.5%.

- Date: 2020-03-10 · published 2020-03-10T12:00:00.000Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/6409-brazil-stocks-jump-7-in-biggest-gain-since-2009-fx-intervention-boosts-real-the
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

The stronger real reduces the local-currency cost of Brazilian exports and eases pressure on imported input costs. Recovering risk sentiment across markets may also support commodity prices after the recent selloff.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| USDBRL | 2016-12-29 | [Brazil's real strengthens 21.5 pct in 2016, the most in 7 years](https://feedsoft.ai/events/73672-brazil-s-real-strengthens-21-5-pct-in-2016-the-most-in-7-years.md) | -2.4% | -5.1% |
| USDBRL | 2025-02-03 | [Brazil's real sets longest streak of gains in 20 years](https://feedsoft.ai/events/26255-brazil-s-real-sets-longest-streak-of-gains-in-20-years.md) | -0.9% | +0.8% |
| USDBRL | 2026-02-23 | [Brazilian Real Hits Strongest Since May 2024](https://feedsoft.ai/events/20791-brazilian-real-hits-strongest-since-may-2024.md) | -0.9% | +2.0% |
| 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% |

## Sources

- kfgo.com: https://kfgo.com/2020/03/10/brazil-stocks-jump-7-in-biggest-gain-since-2009-fx-intervention-boosts-real/

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