# Brazilian Real Takes A Breather, AUD Consolidates Above $0.76 - ActionForex

> The Brazilian real came under renewed pressure from mid-October as US Treasury yields rose, with the 2-year yield hitting a 9-year high of about 1.64%. Investors also reacted negatively to reports that the Temer government would water down its pension reform. Analysts expect the central bank to slow its easing pace, with the Selic rate reaching about 7% this year.

- Date: 2017-11-10 · published 2017-11-10T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/68184-brazilian-real-takes-a-breather-aud-consolidates-above-0-76-actionforex
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A weaker real raises the cost of Brazilian exports in dollar terms and can make Brazilian soybeans, corn and meal more competitive, which weighs on US export demand. Rising US yields and slower Brazilian easing reduce the carry appeal of Brazilian assets and can further pressure the currency.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2024-06-27 | [Market confidence wanes, weakening Brazilian real](https://feedsoft.ai/events/29988-market-confidence-wanes-weakening-brazilian-real.md) | +1.2% | +2.1% |
| USDBRL | 2026-10-01 | [Brazilian Real Under Pressure Ahead of Election](https://feedsoft.ai/events/4935-brazilian-real-under-pressure-ahead-of-election.md) | -3.5% | +4.1% |
| USDBRL | 2026-06-02 | [Brazilian Real: Politics drive correction against US Dollar – Commerzbank](https://feedsoft.ai/events/12077-brazilian-real-politics-drive-correction-against-us-dollar-commerzbank.md) | +2.7% | +2.7% |
| USDBRL | 2024-08-05 | [Brazilian real depreciation stirs economic concerns](https://feedsoft.ai/events/11941-brazilian-real-depreciation-stirs-economic-concerns.md) | -3.9% | -2.0% |
| USDBRL | 2019-06-27 | [Brazilian real falls on economy worries, dollar lifts other Latam forex - Pension Policy International](https://feedsoft.ai/events/58796-brazilian-real-falls-on-economy-worries-dollar-lifts-other-latam-forex-pension.md) | +0.2% | -1.2% |
| SOY | 2026-06-02 | [Brazilian Real: Politics drive correction against US Dollar – Commerzbank](https://feedsoft.ai/events/12077-brazilian-real-politics-drive-correction-against-us-dollar-commerzbank.md) | -5.5% | -5.4% |
| SOY | 2019-06-27 | [Brazilian real falls on economy worries, dollar lifts other Latam forex - Pension Policy International](https://feedsoft.ai/events/58796-brazilian-real-falls-on-economy-worries-dollar-lifts-other-latam-forex-pension.md) | -1.0% | -1.3% |
| SOY | 2022-04-25 | [Brazilian real tumbles amid rallying dollar and local tensions](https://feedsoft.ai/events/6864-brazilian-real-tumbles-amid-rallying-dollar-and-local-tensions.md) | -0.5% | -0.6% |

## Sources

- actionforex.com: https://www.actionforex.com/contributors/fundamental-analysis/56262-brazilian-real-takes-a-breather-aud-consolidates-above-0-76/

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