# Back in Brazil, Lula faces tough choices in forging new government

> Brazil's currency has slipped about 5% and the Bovespa index fell nearly 8% over the past two weeks as investors await clarity on president-elect Lula's economic policies. Lula faces difficult choices in assembling his new government.

- Date: 2022-11-21 · published 2022-11-21T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/38886-back-in-brazil-lula-faces-tough-choices-in-forging-new-government
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Currency weakness from policy uncertainty makes Brazilian commodity exports cheaper in dollar terms, which can add pressure on global soybean and corn export prices.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2024-11-11 | [Brazil's currency weakens amid government delays in announcing new fiscal measures \| Reuters](https://feedsoft.ai/events/27614-brazil-s-currency-weakens-amid-government-delays-in-announcing-new-fiscal.md) | -0.6% | +4.7% |
| USDBRL | 2023-01-09 | [Brazil’s Real Weakens Following Attacks on Government Buildings](https://feedsoft.ai/events/37982-brazil-s-real-weakens-following-attacks-on-government-buildings.md) | -3.0% | -1.0% |
| USDBRL | 2020-04-29 | [Decline in Brazil’s Real Underscores Need for Hedging](https://feedsoft.ai/events/53837-decline-in-brazil-s-real-underscores-need-for-hedging.md) | -0.0% | -5.1% |
| USDBRL | 2019-03-28 | [No, Brazil's Currency Is Not Going To R$5 If Pension Reform Fails](https://feedsoft.ai/events/60306-no-brazil-s-currency-is-not-going-to-r-5-if-pension-reform-fails.md) | -2.9% | +0.4% |
| USDBRL | 2025-11-19 | [Dollar rises in the Brazilian market following international movement \| Brasil 247](https://feedsoft.ai/events/22163-dollar-rises-in-the-brazilian-market-following-international-movement-brasil-247.md) | +1.3% | +3.8% |

## Sources

- reuters.com: https://www.reuters.com/world/americas/back-brazil-lula-faces-tough-choices-forging-new-government-2022-11-21/

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