
The US dollar rose 2.66% over the week to close at R$5.65 on 13 November, its highest level against the real since June 2025. The Senate approved a fiscal adjustment bill on 12 November worth about R$45.1 billion to R$56.1 billion in 2027, but markets judged the measures inadequate because they do not address structural spending growth.
A weaker real makes Brazilian soybean meal, corn and other feed exports cheaper for overseas buyers, which can weigh on global feed prices and raise import costs for Brazil's livestock sector.
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.