# FX Weekly Summary (Brazil Issue)

> The Brazilian real closed the week of September 30 at BRL 5.394 per USD, a 2.8% weekly loss against the dollar. Risk aversion in Brazil and abroad drove the move, with traders weighing a aggressive US Federal Reserve tightening cycle and the upcoming presidential runoff.

- Date: 2022-10-03 · published 2022-10-03T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/7983-fx-weekly-summary-brazil-issue
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A weaker real raises the local-currency cost of imported feed inputs and supports Brazilian export competitiveness for soybeans, corn and meal. Dollar strength against the real tends to lift Brazilian export offers.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2022-06-10 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/11314-fx-weekly-summary-brazil-issue.md) | +3.4% | +9.3% |
| USDBRL | 2024-08-26 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/29020-fx-weekly-summary-brazil-issue.md) | +2.0% | +0.5% |
| USDBRL | 2022-07-29 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/40695-fx-weekly-summary-brazil-issue.md) | +0.0% | -1.9% |
| USDBRL | 2024-02-14 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/31877-fx-weekly-summary-brazil-issue.md) | -0.5% | +0.5% |
| USDBRL | 2022-04-29 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/42055-fx-weekly-summary-brazil-issue.md) | +1.0% | -4.3% |

## Sources

- stonex.com: https://www.stonex.com/en/insights/fx-weekly-summary-brazil-issue-2022-10-03/

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