# Brazilian real dips as political woes outweigh data - Markets - Business Recorder

> Brazil's real fell 0.4% on July 5, 2021 after a Supreme Court justice authorized an investigation of President Bolsonaro over the COVID-19 vaccine procurement process. Protests demanded his impeachment, and the real is up about 2.6% year to date.

- Date: 2021-07-05 · published 2021-07-05T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/9910-brazilian-real-dips-as-political-woes-outweigh-data-markets-business-recorder
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Political risk weakens the real, which raises the local-currency cost of imported inputs for Brazilian feed and meat producers, while lifting dollar-priced Brazilian export competitiveness.

## Read by commodity

- USDBRL: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40105144

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