The real weakened to 5.667 per dollar on 13 November, its weakest close in at least 12 months. The 10-year US Treasury yield rose to 5.15%, and the dollar index closed near 103.41, its highest since April 2025.
Argentina's Merval rose 2.68% on the same day as banks and power companies rallied.
Dollar strength and capital outflows from Brazil can lower the real cost of Brazilian feed exports and pressure domestic Brazilian feed and input costs, while higher US yields tighten global financing conditions.
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.