# Brazil's real continues its slump amid election uncertainty | AP News

> Brazil's real traded near $0.27 on Tuesday, its lowest level in more than two years. The currency has fallen about 10% against the dollar this year amid election uncertainty.

- Date: 2018-05-15 · published 2018-05-15T12:00:00.000Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/65228-brazil-s-real-continues-its-slump-amid-election-uncertainty-ap-news
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A weaker real makes Brazilian soybeans, corn and meal cheaper for export buyers, which tends to pressure world prices and increase Brazilian selling. It also raises the local-currency cost of imported feed inputs.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2018-05-18 | [EMERGING MARKETS-Brazil real slumps despite intervention amid emerging market selloff](https://feedsoft.ai/events/9713-emerging-markets-brazil-real-slumps-despite-intervention-amid-emerging-market.md) | -1.8% | +1.2% |
| USDBRL | 2021-10-19 | [Brazil's real slumps on fiscal concerns, Petrobras slides](https://feedsoft.ai/events/44780-brazil-s-real-slumps-on-fiscal-concerns-petrobras-slides.md) | +1.4% | -0.4% |
| USDBRL | 2016-11-11 | [Brazil real extends slump despite increased intervention](https://feedsoft.ai/events/5466-brazil-real-extends-slump-despite-increased-intervention.md) | +0.7% | -0.4% |
| USDBRL | 2026-10-26 | [Brazil’s real sinks after Lula’s re-election victory \| Financial Markets News \| Al Jazeera](https://feedsoft.ai/events/17283-brazil-s-real-sinks-after-lula-s-re-election-victory-financial-markets-news-al.md) | +7.6% | — |
| USDBRL | 2016-11-11 | [Uncertainty over Trump leads to reevaluation of rate cuts in Brazil - BNamericas](https://feedsoft.ai/events/74027-uncertainty-over-trump-leads-to-reevaluation-of-rate-cuts-in-brazil-bnamericas.md) | +0.7% | -0.4% |

## Sources

- apnews.com: https://apnews.com/general-news-b91614b5d5474688a857b98de27aca4a

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