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The Ibovespa gained 2.35% over the week after the Senate approved a fiscal package estimated at R$50 to 60 billion for next year. The dollar rose 2.66% against the real to R$5.6550.
Markets now expect the US Federal Reserve to raise rates.
Higher US rates and a firmer dollar tend to weaken emerging-market currencies, raising import costs for Brazilian feed and fertilizer buyers.
After 301 past bullish macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.7%), and +1.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.