# Brazil: Mid- and long-term prospects for the BRL look brisker - Danske Bank — Octa

> Danske Bank expects the Central Bank of Brazil to keep easing through 2017 and 2018 after its 100bp cut to 8.25% in September. It forecasts USD/BRL at 3.15 in three months, 3.10 in six months and 3.05 in twelve months, citing political turbulence around President Temer as the main risk.

- Date: 2017-09-29 · published 2017-09-29T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/69155-brazil-mid-and-long-term-prospects-for-the-brl-look-brisker-danske-bank-octa
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A firmer real over the coming year would make Brazilian soybean and corn exports more expensive in dollar terms, which is mildly supportive for US competitors and for feed grain prices.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2018-06-29 | [USD/BRL: Long-term prospects for BRL look brisker - Danske Bank - Forex Crunch](https://feedsoft.ai/events/64739-usd-brl-long-term-prospects-for-brl-look-brisker-danske-bank-forex-crunch.md) | +1.3% | -3.7% |
| USDBRL | 2016-12-19 | [Brazil: upside prospects for BRL, but only for half year - Danske Bank — Octa](https://feedsoft.ai/events/73677-brazil-upside-prospects-for-brl-but-only-for-half-year-danske-bank-octa.md) | -3.5% | -4.8% |
| USDBRL | 2017-08-07 | [Brazil: We expect a near-term rally in the BRL - Danske Bank — Octa](https://feedsoft.ai/events/69657-brazil-we-expect-a-near-term-rally-in-the-brl-danske-bank-octa.md) | +1.5% | +0.4% |
| USDBRL | 2017-01-11 | [Brazil: Dissecting the BRL's outperformance - Rabobank — Octa](https://feedsoft.ai/events/73181-brazil-dissecting-the-brl-s-outperformance-rabobank-octa.md) | +0.8% | -2.1% |
| USDBRL | 2017-08-25 | [USD/BRL heading towards 3.00 in the next months – Danske Bank — Octa](https://feedsoft.ai/events/69656-usd-brl-heading-towards-3-00-in-the-next-months-danske-bank-octa.md) | +0.1% | -0.5% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/495332/

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