# Brazil: BRL now seems more aligned with global market moves - Rabobank - Forex Crunch

> Latin American currencies rose on July 21 after Trump criticized Fed rate policy and urged weaker dollar conditions. The Brazilian real gained about 2%, the Chilean peso 0.57% and the Mexican peso 0.06%.

- Date: 2018-07-13 · published 2018-07-13T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/64235-brazil-brl-now-seems-more-aligned-with-global-market-moves-rabobank-forex-crunch
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A stronger real raises the dollar cost of Brazilian exports, which can modestly support US and global grain and meal prices relative to Brazilian supply.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-05-24 | [EMERGING MARKETS-Cenbank forex swap buoys Brazil' real - Costa Alegre Restaurant](https://feedsoft.ai/events/47314-emerging-markets-cenbank-forex-swap-buoys-brazil-real-costa-alegre-restaurant.md) | -2.0% | -5.5% |
| 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 | 2020-11-26 | [Brazilian Real is the most undervalued EM currency - IIF - Forex Crunch](https://feedsoft.ai/events/50343-brazilian-real-is-the-most-undervalued-em-currency-iif-forex-crunch.md) | -3.0% | -2.9% |
| USDBRL | 2024-09-19 | [Brazil’s Central Bank resumes tightening as Fed moves toward easing](https://feedsoft.ai/events/28521-brazil-s-central-bank-resumes-tightening-as-fed-moves-toward-easing.md) | -0.0% | +3.5% |
| USDBRL | 2023-04-24 | [Brazil woos sceptical foreign investors with new fiscal plan \| Reuters](https://feedsoft.ai/events/36625-brazil-woos-sceptical-foreign-investors-with-new-fiscal-plan-reuters.md) | -0.9% | -1.3% |

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2018/07/13/brazil-brl-now-seems-more-aligned-with-global-market-moves-rabobank/

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