# USD/BRL: upward pressure during next months - Danske Bank — Octa

> Danske Bank forecasts USD/BRL at 3.40 in three months, 3.60 in six months and 3.80 in twelve, which is more bearish on the real than market expectations. The bank cites weak Q1 2017 GDP, aggressive central bank rate cuts and political turmoil that could slow fiscal adjustment.

- Date: 2017-06-29 · published 2017-06-29T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/70711-usd-brl-upward-pressure-during-next-months-danske-bank-octa
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A weaker real tends to make Brazilian soybean meal, corn and other exports cheaper for international buyers, which can pressure global feed ingredient prices.

## Read by commodity

- SBM: bearish ▼
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-03-30 | [USD/BRL continues to grind back towards monthly highs in the upper 5.80s — Octa](https://feedsoft.ai/events/48306-usd-brl-continues-to-grind-back-towards-monthly-highs-in-the-upper-5-80s-octa.md) | -2.1% | -5.7% |
| USDBRL | 2017-04-17 | [USD/BRL: An overvalued currency – Lloyds Bank — Octa](https://feedsoft.ai/events/71707-usd-brl-an-overvalued-currency-lloyds-bank-octa.md) | +0.1% | -0.8% |
| USDBRL | 2024-12-03 | [FX Daily: BRICS currencies under pressure \| articles \| ING THINK](https://feedsoft.ai/events/12462-fx-daily-brics-currencies-under-pressure-articles-ing-think.md) | -0.2% | +1.8% |
| USDBRL | 2018-04-20 | [BRL: Growing presidential election risks spells more downside trouble - ING — Octa](https://feedsoft.ai/events/65705-brl-growing-presidential-election-risks-spells-more-downside-trouble-ing-octa.md) | +2.8% | +8.9% |
| USDBRL | 2021-02-23 | [USD/BRL: Brazilian real set to depreciate modestly versus the dollar over the next year – Capital Economics — Octa](https://feedsoft.ai/events/48849-usd-brl-brazilian-real-set-to-depreciate-modestly-versus-the-dollar-over-the.md) | +1.7% | +1.0% |
| SBM | 2017-06-26 | [Slumping Commodity Prices Pressure the Brazilian Real in 2Q17](https://feedsoft.ai/events/70712-slumping-commodity-prices-pressure-the-brazilian-real-in-2q17.md) | +3.7% | +11.0% |
| SBM | 2020-02-25 | [Coronavirus spread pressures grains, oilseeds - Brownfield Ag News](https://feedsoft.ai/events/12543-coronavirus-spread-pressures-grains-oilseeds-brownfield-ag-news.md) | +5.6% | +16.6% |
| SBM | 2018-09-25 | [Argentina's central bank boss Luis Caputo quits after three months](https://feedsoft.ai/events/63335-argentina-s-central-bank-boss-luis-caputo-quits-after-three-months.md) | +1.9% | +2.7% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/459697/

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