# Brazilian assets rally in volatile session after Lula elected president

> Brazil's real gained more than 2% against the dollar after falling about 2% earlier in the session, following Luiz Inacio Lula da Silva's election as president. The Bovespa index opened down 2% but closed up 1.3%, and MSCI's Brazil index gained 4%.

- Date: 2022-10-31 · published 2022-10-31T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/39342-brazilian-assets-rally-in-volatile-session-after-lula-elected-president
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

The election outcome lifted Brazilian assets and the real, which tends to make Brazilian exports and feed-linked costs somewhat cheaper for dollar buyers. The move is mostly a currency and equity reaction with limited direct effect on feed supply.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2025-05-28 | [Surprise in Brazil’s inflation preview boosts local assets](https://feedsoft.ai/events/24892-surprise-in-brazil-s-inflation-preview-boosts-local-assets.md) | -0.1% | -1.6% |
| USDBRL | 2025-12-11 | [Latin American assets rally on Fed cut, Brazil's cenbank maintains pause \| Reuters](https://feedsoft.ai/events/21716-latin-american-assets-rally-on-fed-cut-brazil-s-cenbank-maintains-pause-reuters.md) | +0.9% | -2.2% |
| USDBRL | 2025-11-28 | [Brazilian Real Appreciates After Unemployment](https://feedsoft.ai/events/22152-brazilian-real-appreciates-after-unemployment.md) | -0.9% | +3.5% |
| USDBRL | 2025-12-03 | [Brazilian Real Strengthens for 2nd Session](https://feedsoft.ai/events/8058-brazilian-real-strengthens-for-2nd-session.md) | +1.8% | +2.5% |
| USDBRL | 2025-08-13 | [Brazilian markets gain momentum on easing inflation outlook](https://feedsoft.ai/events/23532-brazilian-markets-gain-momentum-on-easing-inflation-outlook.md) | +1.6% | +0.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/brazil-stocks-currency-volatile-session-after-lula-win-2022-10-31/

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