# Brazil's currency and stock market recover on Thursday, helped by opinion poll — MercoPress

> The Brazilian real rose almost 1% against the dollar on Thursday after falling over 2% the previous day. An Ibope poll showed far-right congressman Jair Bolsonaro leading presidential voting intentions at 17%, with the left failing to gain momentum. A Supreme Court ruling that privatizations need congressional approval had weighed on the currency on Wednesday.

- Date: 2018-06-29 · published 2018-06-29T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/64737-brazil-s-currency-and-stock-market-recover-on-thursday-helped-by-opinion-poll
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A firmer real lowers the cost of dollar-denominated imports such as feed ingredients for Brazilian buyers, while a weaker real tends to support Brazilian export prices for soybeans, corn and meal.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2018-08-31 | [Brazil contains the value of its currency with a US$ 1.5 billion support — MercoPress](https://feedsoft.ai/events/63749-brazil-contains-the-value-of-its-currency-with-a-us-1-5-billion-support.md) | -3.4% | -4.8% |
| USDBRL | 2018-09-28 | [Brazilian currency strengthens below 4 to the dollar: first time in five weeks — MercoPress](https://feedsoft.ai/events/63259-brazilian-currency-strengthens-below-4-to-the-dollar-first-time-in-five-weeks.md) | -1.8% | -8.2% |
| USDBRL | 2017-03-09 | [Brazil denies plans to raise taxes on forex transactions to help meet fiscal target — MercoPress](https://feedsoft.ai/events/72190-brazil-denies-plans-to-raise-taxes-on-forex-transactions-to-help-meet-fiscal.md) | +0.2% | -1.9% |
| USDBRL | 2018-09-06 | [Emerging market currencies due a bounce after crazy August: Reuters poll](https://feedsoft.ai/events/63262-emerging-market-currencies-due-a-bounce-after-crazy-august-reuters-poll.md) | -0.5% | -6.7% |
| USDBRL | 2021-01-20 | [Brazil's real rises ahead of c.bank meeting, rest of Latam trails - Markets - Business Recorder](https://feedsoft.ai/events/49388-brazil-s-real-rises-ahead-of-c-bank-meeting-rest-of-latam-trails-markets.md) | +1.5% | +2.0% |

## Sources

- en.mercopress.com: https://en.mercopress.com/2018/06/29/brazil-s-currency-and-stock-market-recover-on-thursday-helped-by-opinion-poll

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