# Brazil's real down after Lula wins presidential election; Bolsonaro yet to concede

> Brazil's real weakened against the dollar on Monday after Lula won the presidential election over incumbent Jair Bolsonaro, who had not yet conceded. The real was down 0.7% in early trading after falling as much as 2% earlier, and interest rate futures rose sharply.

- Date: 2022-10-31 · published 2022-10-31T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/39344-brazil-s-real-down-after-lula-wins-presidential-election-bolsonaro-yet-to
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Political uncertainty over the transition weighed on the real, which raises the cost of Brazilian exports priced in dollars and can support soybean and corn values in dollar terms. The price effect is modest and depends on whether the result is accepted.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2022-11-22 | [Bolsonaro challenges Brazil election he lost to Lula](https://feedsoft.ai/events/38889-bolsonaro-challenges-brazil-election-he-lost-to-lula.md) | -0.7% | -2.5% |
| USDBRL | 2026-10-26 | [Euro falls against dollar; Brazilian real tumbles after Lula election win](https://feedsoft.ai/events/17282-euro-falls-against-dollar-brazilian-real-tumbles-after-lula-election-win.md) | +7.6% | — |
| USDBRL | 2026-10-26 | [Brazil’s real sinks after Lula’s re-election victory \| Financial Markets News \| Al Jazeera](https://feedsoft.ai/events/17283-brazil-s-real-sinks-after-lula-s-re-election-victory-financial-markets-news-al.md) | +7.6% | — |
| USDBRL | 2018-04-20 | [BRL: Growing presidential election risks spells more downside trouble - ING — Octa](https://feedsoft.ai/events/65705-brl-growing-presidential-election-risks-spells-more-downside-trouble-ing-octa.md) | +2.8% | +8.9% |
| 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% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/brazils-real-down-lula-wins-121330874.html

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