# Turkish crisis drives up dollar in Brazil - ANBA News Agency

> The US dollar closed up 0.86% in Brazil on August 13, 2018, at BRL 3.8973. The move followed Turkey's announcement of a USD 6 billion cash injection to support its banks and limit the lira's decline. The Ibovespa index rose 1.28% the same day.

- Date: 2018-08-13 · published 2018-08-13T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/9469-turkish-crisis-drives-up-dollar-in-brazil-anba-news-agency
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A stronger dollar against the real makes Brazilian soybean, corn and meal exports cheaper in dollar terms, which tends to pressure global feed prices. The effect here is from emerging-market contagion rather than agricultural supply.

## Read by commodity

- SBM: bearish ▼
- USDBRL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDBRL | 2018-08-13 | 5 | +5.1% | 3.6 | Turkish lira crisis triggered broad emerging-market risk-off and dollar strength, lifting USD/BRL to 3.8973 on Aug 13, directly within the move window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2018-06-29 | [Dollar gained 17% in first half - ANBA News Agency](https://feedsoft.ai/events/64738-dollar-gained-17-in-first-half-anba-news-agency.md) | +1.3% | -3.7% |
| USDBRL | 2018-06-06 | [Brazilian currency drops against the US dollar \| AP News](https://feedsoft.ai/events/5378-brazilian-currency-drops-against-the-us-dollar-ap-news.md) | -2.7% | +2.7% |
| USDBRL | 2018-06-14 | [Dollar sees sharpest spike in 13 months - ANBA News Agency](https://feedsoft.ai/events/64741-dollar-sees-sharpest-spike-in-13-months-anba-news-agency.md) | +0.6% | +3.7% |
| USDBRL | 2018-08-22 | [Dollar enters sixth day on upward streak - ANBA News Agency](https://feedsoft.ai/events/12513-dollar-enters-sixth-day-on-upward-streak-anba-news-agency.md) | +3.3% | +3.0% |
| USDBRL | 2018-07-30 | [Dollar kicks off the week with a 0.33% hike - ANBA News Agency](https://feedsoft.ai/events/64231-dollar-kicks-off-the-week-with-a-0-33-hike-anba-news-agency.md) | -0.0% | +10.3% |
| SBM | 2020-04-24 | [Bolsonaro in crisis mode after Brazil justice minister quits \| AP News](https://feedsoft.ai/events/8724-bolsonaro-in-crisis-mode-after-brazil-justice-minister-quits-ap-news.md) | +0.3% | -2.1% |
| SBM | 2018-06-28 | [How a Rising U.S. Dollar Puts Argentina's and Brazil's Economies at Risk](https://feedsoft.ai/events/64805-how-a-rising-u-s-dollar-puts-argentina-s-and-brazil-s-economies-at-risk.md) | -1.7% | -0.4% |
| SBM | 2026-06-02 | [Brazilian Real: Politics drive correction against US Dollar – Commerzbank](https://feedsoft.ai/events/12077-brazilian-real-politics-drive-correction-against-us-dollar-commerzbank.md) | -8.7% | -9.3% |

## Sources

- anba.com.br: https://anba.com.br/en/turkish-crisis-drives-dollar-brazil/

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