# Brazil real strengthens 1 pct as central bank resumes intervention

> The Brazilian real strengthened about 1% on Tuesday after the central bank resumed currency intervention following a pause of over a month. The bank offered currency swaps, equivalent to dollar sales, to roll over February maturities, including up to $600 million of swaps due in May and July.

- Date: 2017-01-17 · published 2017-01-17T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/73168-brazil-real-strengthens-1-pct-as-central-bank-resumes-intervention
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Central bank dollar sales via swaps add dollar supply that tends to cap BRL appreciation, which matters for Brazilian export competitiveness and the cost of dollar-priced feed imports. A firmer real can make Brazilian soybean and corn exports less competitive, a modestly bearish signal for global prices.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2017-04-17 | [EMERGING MARKETS-Brazil real jumps on central bank intervention](https://feedsoft.ai/events/71706-emerging-markets-brazil-real-jumps-on-central-bank-intervention.md) | +0.1% | -0.8% |
| USDBRL | 2019-08-27 | [Brazil central bank to continue FX intervention on Wednesday as real nears record low - The Business Times](https://feedsoft.ai/events/57788-brazil-central-bank-to-continue-fx-intervention-on-wednesday-as-real-nears.md) | +0.5% | +0.5% |
| USDBRL | 2016-12-29 | [Brazil's real strengthens 21.5 pct in 2016, the most in 7 years](https://feedsoft.ai/events/73672-brazil-s-real-strengthens-21-5-pct-in-2016-the-most-in-7-years.md) | -2.4% | -5.1% |
| USDBRL | 2020-03-09 | [Brazil central bank to continue FX intervention as long as it takes to calm market \| Financial Post](https://feedsoft.ai/events/6408-brazil-central-bank-to-continue-fx-intervention-as-long-as-it-takes-to-calm.md) | +2.7% | +14.6% |
| USDBRL | 2024-09-19 | [Brazil’s Central Bank resumes tightening as Fed moves toward easing](https://feedsoft.ai/events/28521-brazil-s-central-bank-resumes-tightening-as-fed-moves-toward-easing.md) | -0.0% | +3.5% |

## Sources

- reuters.com: https://www.reuters.com/article/brazil-markets-idUSL1N1F70EX/?feedName=usDollarRpt&feedType=RSS

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