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Brazil's real fell 9.15% against the dollar in the week after President Lula's October 25 re-election, with the dollar closing at R$5.446, its highest level of 2026. The Ibovespa lost 18.12% over the week, its worst since March 2020.
Economists are raising inflation forecasts, with El Niño drought risk to food prices adding to the currency-driven pressure.
A weaker real raises the cost of imported inputs and makes Brazilian exports cheaper in dollar terms, which can support Brazilian soy and meal sales. Combined with El Niño drought risk to regional harvests, it adds upside pressure on feed costs for buyers relying on Brazilian supply.
polylog.newsNov 1, 2026
investing.comNov 3, 2026After 301 past bullish macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.7%), and +1.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
