# BRL's 'so-so' performance in 2017 - BBH — Octa

> Brown Brothers Harriman says the Brazilian real is up 2.7% year to date and near the middle of emerging-market currencies, with neutral fundamentals. USD/BRL has traded mostly in a 3.10-3.35 range since the start of Q2.

- Date: 2017-07-25 · published 2017-07-25T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/70169-brl-s-so-so-performance-in-2017-bbh-octa
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A flat real with neutral fundamentals gives little currency-driven pressure on Brazilian agricultural export prices, so feed commodity prices are unlikely to move much on this view alone.

## Read by commodity

- USDBRL: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/469961/

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