# Forget Cheap Brazil, It's About To Get Expensive Again

> A Forbes piece says the Brazilian real is expected to strengthen markedly in 2017, citing a forecast that it will end the year at R$3 to the dollar. The text is a short excerpt and also notes the currency's year-to-date gain against the dollar.

- Date: 2017-08-08 · published 2017-08-08T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/69660-forget-cheap-brazil-it-s-about-to-get-expensive-again
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A stronger real makes Brazilian agricultural exports more expensive in dollar terms, which can marginally support competing feed prices. The piece is a currency forecast with no direct supply change, so the effect is small.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2022-02-01 | [Brazil Real Gains as Lula Woos Centrist to Join Ticket](https://feedsoft.ai/events/43353-brazil-real-gains-as-lula-woos-centrist-to-join-ticket.md) | +0.1% | -2.5% |
| USDBRL | 2018-12-04 | [Brazil stocks gain; real firms as U.S. dollar weakens](https://feedsoft.ai/events/61764-brazil-stocks-gain-real-firms-as-u-s-dollar-weakens.md) | +2.1% | -3.1% |
| USDBRL | 2018-11-16 | [Brazil gains on Bolsonaro's choice to head central bank, Mexican peso falls](https://feedsoft.ai/events/62252-brazil-gains-on-bolsonaro-s-choice-to-head-central-bank-mexican-peso-falls.md) | +1.0% | +2.9% |
| USDBRL | 2023-02-17 | [Brazil’s Central Bank Head Extends Hand to Lula, But Maintains Key Demands](https://feedsoft.ai/events/37529-brazil-s-central-bank-head-extends-hand-to-lula-but-maintains-key-demands.md) | -0.9% | +1.0% |
| USDBRL | 2022-01-23 | [Foreign investors pare bets against Brazilian real](https://feedsoft.ai/events/43351-foreign-investors-pare-bets-against-brazilian-real.md) | -0.5% | -5.5% |

## Sources

- forbes.com: https://www.forbes.com/sites/kenrapoza/2017/08/08/forget-cheap-brazil-its-about-to-get-expensive-again/

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