# Brazil's real surges 3%, biggest rise in two years By Reuters

> Brazil's real rose more than 3% on Tuesday, its biggest one-day gain since June 2018, trading at a seven-week high near 5.20 per dollar. The currency had been among the world's worst performers after hitting a record low near 6.00 per dollar. The rally followed improving global market sentiment and demand for riskier assets.

- Date: 2020-06-02 · published 2020-06-02T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/7616-brazil-s-real-surges-3-biggest-rise-in-two-years-by-reuters
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

The currency rebound lowers the local cost of dollar-priced feed and fertilizer imports into Brazil. Gains like this are driven mainly by risk sentiment, so they can reverse quickly.

## Read by commodity

- USDBRL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDBRL | 2020-06-08 | 5 | -9.1% | -4.2 | The real's 3% one-day surge on June 2, its largest in two years, was driven by improved global risk sentiment and fell inside the 5-day window, contributing materially to the move. |

## Sources

- investing.com: https://www.investing.com/news/economy/brazils-real-surges-3-biggest-rise-in-two-years-2190217

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