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The euro fell against the dollar on Monday as the Brazilian real tumbled after Lula da Silva's surprise election victory. Brent crude held near six-month highs at about $115.92 a barrel.
French bond prices recovered after Moody's spared France a downgrade.
A weaker real makes Brazilian soybean meal and soybean exports cheaper in dollar terms, which can pressure global oilseed prices. The currency move also reflects fiscal worries that affect Brazil's input and feed costs.
cnbc.comReutersOct 26, 2026After 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.
After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% 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.
Same-day report of the real tumbling after Lula's surprise win, the direct cause of the one-day move.
Reports the real tumbling on Monday Oct 26 after Lula's surprise win, the core trigger of the move.
