# Ex-Brazil President Lula sentenced to nearly 10 years for corruption

> A Brazilian court sentenced former president Lula to nearly 10 years in prison for corruption. The real extended gains after the decision and reached its strongest level in two months.

- Date: 2017-07-13 · published 2017-07-13T12:00:00.000Z
- Category: policy · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/70170-ex-brazil-president-lula-sentenced-to-nearly-10-years-for-corruption
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Political risk around the 2018 election is supporting the real, which affects the dollar cost of Brazilian feed exports, though the direct effect on grain and meal prices is modest.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2020-05-31 | [Brazil to increase FX intervention but cautious on bond buying - Business & Finance - Business Recorder](https://feedsoft.ai/events/7618-brazil-to-increase-fx-intervention-but-cautious-on-bond-buying-business-and.md) | -8.7% | +0.8% |
| USDBRL | 2024-07-03 | [Lula approves spending cuts to meet Brazil's fiscal framework, says minister \| Reuters](https://feedsoft.ai/events/9451-lula-approves-spending-cuts-to-meet-brazil-s-fiscal-framework-says-minister.md) | -4.8% | -0.2% |
| USDBRL | 2017-11-28 | [Softer Pension Proposal Leads to Brazilian Stock Slip \| Chief Investment Officer](https://feedsoft.ai/events/11658-softer-pension-proposal-leads-to-brazilian-stock-slip-chief-investment-officer.md) | +0.8% | +2.9% |
| USDBRL | 2019-01-03 | [Brazil markets soar as new government vows to shrink state](https://feedsoft.ai/events/12357-brazil-markets-soar-as-new-government-vows-to-shrink-state.md) | -3.4% | -4.1% |
| USDBRL | 2025-06-25 | [Brazil’s Central Bank intervention in FX market raises questions](https://feedsoft.ai/events/24424-brazil-s-central-bank-intervention-in-fx-market-raises-questions.md) | -0.7% | +0.9% |

## Sources

- reuters.com: https://www.reuters.com/article/world/ex-brazil-president-lula-sentenced-to-nearly-10-years-for-corruption-idUSKBN19X2GY/

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