# Brazil: Presidential race about to start - Rabobank - Forex Crunch

> Rabobank says global risk aversion caught Brazil partly unprepared, with assets selling off and the October presidential race adding uncertainty. It projects the real at 3.70 per dollar by year-end under a reformist scenario, versus a short-term fair value near 4.10.

- Date: 2018-07-18 · published 2018-07-18T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/64234-brazil-presidential-race-about-to-start-rabobank-forex-crunch
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Political risk that weakens the real makes Brazilian commodity exports more competitive in dollar terms, a factor for soybean, corn and meal pricing.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2019-04-23 | [Brazil: Economy under pressure? - TDS - Forex Crunch](https://feedsoft.ai/events/59783-brazil-economy-under-pressure-tds-forex-crunch.md) | +0.2% | +4.7% |
| USDBRL | 2019-09-30 | [USD/BRL: Year end forecast raised by 10-cents to 3.90 - Rabobank - Forex Crunch](https://feedsoft.ai/events/57288-usd-brl-year-end-forecast-raised-by-10-cents-to-3-90-rabobank-forex-crunch.md) | -2.3% | -4.3% |
| 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 | 2022-08-16 | [Brazil's real slumps 1% as presidential campaigns begin \| Financial Post](https://feedsoft.ai/events/40232-brazil-s-real-slumps-1-as-presidential-campaigns-begin-financial-post.md) | +1.7% | +2.1% |
| USDBRL | 2020-03-18 | [Brazil central bank FX, bond intervention fails to prevent market rout](https://feedsoft.ai/events/6393-brazil-central-bank-fx-bond-intervention-fails-to-prevent-market-rout.md) | +1.1% | +3.8% |

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2018/07/18/brazil-presidential-race-about-to-start-rabobank/

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