# Brazil markets rattled by report linking Flavio Bolsonaro to disgraced banker | Reuters

> Brazilian markets reacted to an Intercept Brasil report alleging that presidential contender Flavio Bolsonaro negotiated a $24 million commitment with banker Daniel Vorcaro and asked for installment payments. The article is a short excerpt with limited detail on the market response.

- Date: 2026-05-13 · published 2026-05-13T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/19462-brazil-markets-rattled-by-report-linking-flavio-bolsonaro-to-disgraced-banker
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Political uncertainty ahead of October's presidential election can weaken the Brazilian real, which tends to make Brazilian soybean and corn exports cheaper in dollar terms and can pressure soymeal and corn prices.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2023-01-09 | [Brazil's Currency Falls Vs. Dollar After Riot by Bolsonaro Supporters - Markets Insider](https://feedsoft.ai/events/37983-brazil-s-currency-falls-vs-dollar-after-riot-by-bolsonaro-supporters-markets.md) | -3.0% | -1.0% |
| USDBRL | 2026-10-26 | [Analysts forecast Brazil market plunge after Lula turnaround win By Reuters](https://feedsoft.ai/events/17286-analysts-forecast-brazil-market-plunge-after-lula-turnaround-win-by-reuters.md) | +7.6% | — |
| USDBRL | 2019-03-28 | [Bolsonaro struggles to sell Brazil pension bill as markets tumble](https://feedsoft.ai/events/60305-bolsonaro-struggles-to-sell-brazil-pension-bill-as-markets-tumble.md) | -2.9% | +0.4% |
| USDBRL | 2024-12-18 | [Brazil's real hits record low as markets eye govt spending \| Reuters](https://feedsoft.ai/events/27143-brazil-s-real-hits-record-low-as-markets-eye-govt-spending-reuters.md) | +1.3% | -1.1% |
| USDBRL | 2021-09-08 | [Bolsonaro rallies base but turns off allies and markets](https://feedsoft.ai/events/45289-bolsonaro-rallies-base-but-turns-off-allies-and-markets.md) | +1.1% | +5.7% |

## Sources

- reuters.com: https://www.reuters.com/world/americas/brazil-markets-rattled-by-report-linking-flavio-bolsonaro-disgraced-banker-2026-05-13/

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