# What’s changed the outlook in Brazil?

> Schroders says Brazilian financial markets are anticipating an economic pickup after a difficult start to 2021. Vaccination rates have accelerated, with about 35% of the population having received at least one dose by June 30, and Brazilian equities have outperformed wider emerging markets year to date.

- Date: 2021-07-06 · published 2021-07-06T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/9906-what-s-changed-the-outlook-in-brazil
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A faster reopening supports domestic demand for meat and dairy, which underpins feed demand, but the effect on commodity prices is indirect and gradual.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2023-08-07 | [Outlook for the Brazilian Real and the real economy](https://feedsoft.ai/events/34792-outlook-for-the-brazilian-real-and-the-real-economy.md) | +0.8% | +1.8% |
| USDBRL | 2018-04-24 | [Brazil FX: What’s driving the BRL’s underperformance? - Euromoney](https://feedsoft.ai/events/65703-brazil-fx-what-s-driving-the-brl-s-underperformance-euromoney.md) | +1.1% | +7.6% |
| USDBRL | 2025-11-18 | [Liquidity squeeze in the U.S. could weigh on Brazilian real](https://feedsoft.ai/events/22155-liquidity-squeeze-in-the-u-s-could-weigh-on-brazilian-real.md) | +1.7% | +2.9% |
| USDBRL | 2017-05-18 | [Plunge in Brazil’s Real Shows Risk of Chasing Big Returns](https://feedsoft.ai/events/71196-plunge-in-brazil-s-real-shows-risk-of-chasing-big-returns.md) | +5.6% | +5.6% |
| USDBRL | 2024-12-19 | [Why Brazil’s currency is plunging](https://feedsoft.ai/events/27149-why-brazil-s-currency-is-plunging.md) | -0.5% | -2.5% |

## Sources

- schroders.com: https://www.schroders.com/en-us/us/institutional/insights/whats-changed-the-outlook-in-brazil/

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