# USD/BRL heading towards 3.00 in the next months – Danske Bank — Octa

> Danske Bank senior analyst Morten Helt expects the Brazilian real to strengthen further in the coming months, forecasting USD/BRL at 3.00 versus a Bloomberg consensus of 3.25 for Q4 2017. The real has rallied for three straight days, with USD/BRL down almost 1.5% over that span, after Brazilian lawmakers backed President Temer and his economic reform agenda.

- Date: 2017-08-25 · published 2017-08-25T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/69656-usd-brl-heading-towards-3-00-in-the-next-months-danske-bank-octa
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A firmer real makes Brazilian soybean, corn and meal exports less competitive in dollar terms, which can support US and world feed prices at the margin. The call is a currency view rather than a supply event, so the impact on feed prices is modest.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2017-09-29 | [Brazil: Mid- and long-term prospects for the BRL look brisker - Danske Bank — Octa](https://feedsoft.ai/events/69155-brazil-mid-and-long-term-prospects-for-the-brl-look-brisker-danske-bank-octa.md) | -1.6% | +2.7% |
| USDBRL | 2020-12-09 | [USD/BRL to extend the decline to 5.00 – Credit Suisse — Octa](https://feedsoft.ai/events/49855-usd-brl-to-extend-the-decline-to-5-00-credit-suisse-octa.md) | +0.6% | +6.0% |
| USDBRL | 2021-07-12 | [USD/BRL: Real should continue to find demand this summer – ING — Octa](https://feedsoft.ai/events/46263-usd-brl-real-should-continue-to-find-demand-this-summer-ing-octa.md) | -3.2% | -0.7% |
| 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% |

## Sources

- cn.octabroker.com: https://cn.octabroker.com/markets/news/view/482397/

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