# Euro falls against dollar; Brazilian real tumbles after Lula election win

> 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.

- Date: 2026-10-26 · published 2026-10-26T12:00:00.000Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/17282-euro-falls-against-dollar-brazilian-real-tumbles-after-lula-election-win
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

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.

## Read by commodity

- EURUSD: bearish ▼
- USDBRL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDBRL | 2026-10-26 | 1 | +7.9% | 9.3 | Same-day report of the real tumbling after Lula's surprise win, the direct cause of the one-day move. |
| USDBRL | 2026-10-26 | 5 | +7.6% | 5.6 | Reports the real tumbling on Monday Oct 26 after Lula's surprise win, the core trigger of the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2022-04-25 | [Brazilian real tumbles amid rallying dollar and local tensions](https://feedsoft.ai/events/6864-brazilian-real-tumbles-amid-rallying-dollar-and-local-tensions.md) | +3.5% | +2.0% |
| USDBRL | 2022-10-31 | [Brazil's real down after Lula wins presidential election; Bolsonaro yet to concede](https://feedsoft.ai/events/39344-brazil-s-real-down-after-lula-wins-presidential-election-bolsonaro-yet-to.md) | -5.8% | -1.1% |
| USDBRL | 2026-06-02 | [Brazilian Real: Politics drive correction against US Dollar – Commerzbank](https://feedsoft.ai/events/12077-brazilian-real-politics-drive-correction-against-us-dollar-commerzbank.md) | +2.7% | +2.7% |
| USDBRL | 2024-01-22 | [Brazil's real falls after Lula unveils 're-industrialization' plan](https://feedsoft.ai/events/32322-brazil-s-real-falls-after-lula-unveils-re-industrialization-plan.md) | -0.3% | +0.9% |
| USDBRL | 2024-11-29 | [What is happening to BRL as the Brazilian Real collapses against the US Dollar](https://feedsoft.ai/events/27617-what-is-happening-to-brl-as-the-brazilian-real-collapses-against-the-us-dollar.md) | +1.7% | +5.6% |
| EURUSD | 2022-10-27 | [Euro falls against the dollar after ECB rate hike, U.S. data](https://feedsoft.ai/events/39360-euro-falls-against-the-dollar-after-ecb-rate-hike-u-s-data.md) | -1.9% | +3.3% |
| EURUSD | 2024-11-06 | [Dollar soars, euro tumbles as Trump wins US presidential election](https://feedsoft.ai/events/5806-dollar-soars-euro-tumbles-as-trump-wins-us-presidential-election.md) | -3.2% | -3.2% |
| EURUSD | 2016-12-15 | [Euro tumbles to near 14-year low against US dollar](https://feedsoft.ai/events/5966-euro-tumbles-to-near-14-year-low-against-us-dollar.md) | -2.2% | -0.3% |

## Sources

- cnbc.com: https://www.cnbc.com/2026/10/26/currency-markets-subdued-ahead-of-pivotal-central-bank-week.html

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