# Stress in domestic market continues, pressures Brazilian real

> The Brazilian real closed at R$5.65 per dollar, its weakest level since January 2022, as fiscal risk perceptions and rising US Treasury yields pressured local assets. Markets priced in a 125-basis-point Selic hike for the year, and the finance minister blamed communication issues.

- Date: 2024-07-02 · published 2024-07-02T12:00:00.000Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/9453-stress-in-domestic-market-continues-pressures-brazilian-real
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A sharp currency depreciation raises the real-denominated cost of dollar-priced feed imports and makes Brazilian exporters more competitive in dollar markets, which can shift soybean and corn export flows.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2024-10-23 | [Market braces for pressure on Brazilian real as Trump’s chances rise](https://feedsoft.ai/events/28085-market-braces-for-pressure-on-brazilian-real-as-trump-s-chances-rise.md) | +0.6% | +1.4% |
| USDBRL | 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) | -0.7% | -5.4% |
| USDBRL | 2024-06-27 | [Market confidence wanes, weakening Brazilian real](https://feedsoft.ai/events/29988-market-confidence-wanes-weakening-brazilian-real.md) | +1.2% | +2.1% |
| USDBRL | 2024-08-05 | [Brazilian real depreciation stirs economic concerns](https://feedsoft.ai/events/11941-brazilian-real-depreciation-stirs-economic-concerns.md) | -3.9% | -2.0% |
| USDBRL | 2026-10-01 | [Brazilian Real Under Pressure Ahead of Election](https://feedsoft.ai/events/4935-brazilian-real-under-pressure-ahead-of-election.md) | -3.5% | +4.1% |

## Sources

- valorinternational.globo.com: https://valorinternational.globo.com/markets/news/2024/07/02/stress-in-domestic-market-continues-pressures-brazilian-real.ghtml

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