# Negative stock and currency reaction to the second round of the election outweighs the first-round rally; see numbers | Finance | Valor Economico

> Brazilian assets moved sharply after Lula's re-election: the Ibovespa fell 18.1% over the week following the runoff, while the spot dollar rose 9.1%, closing at R$5.4442. The reversal erased earlier gains from the first-round rally.

- Date: 2026-11-02 · published 2026-11-02T21:10:44.432Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/75885-negative-stock-and-currency-reaction-to-the-second-round-of-the-election
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

The sharp real depreciation and equity sell-off reflect a higher Brazilian fiscal risk premium, which affects the currency competitiveness of Brazilian soybean and corn exports.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2020-03-16 | [Brazil: Stocks dive, currency closes at new record low - The Business Times](https://feedsoft.ai/events/11020-brazil-stocks-dive-currency-closes-at-new-record-low-the-business-times.md) | +5.0% | +7.2% |
| USDBRL | 2017-05-25 | [StanChart’s chief economist says these four currencies will move most on Fed shock](https://feedsoft.ai/events/70926-stanchart-s-chief-economist-says-these-four-currencies-will-move-most-on-fed.md) | -1.1% | +1.7% |
| USDBRL | 2021-12-09 | [Strong dollar weighs on Latin American currencies \| Financial Post](https://feedsoft.ai/events/43821-strong-dollar-weighs-on-latin-american-currencies-financial-post.md) | +3.1% | +1.5% |
| USDBRL | 2018-06-06 | [Brazil currency skids as election woes add to pessimism](https://feedsoft.ai/events/5376-brazil-currency-skids-as-election-woes-add-to-pessimism.md) | -2.7% | +2.7% |
| USDBRL | 2022-11-17 | [Brazil's real, stocks slide after budget proposal; other EM currencies weak \| Financial Post](https://feedsoft.ai/events/38885-brazil-s-real-stocks-slide-after-budget-proposal-other-em-currencies-weak.md) | +0.7% | -0.5% |

## Sources

- valor.globo.com: https://valor.globo.com/financas/noticia/2026/11/02/reacao-negativa-da-bolsa-e-do-cambio-ao-2o-turno-da-eleicao-supera-rali-do-1o-veja-numeros.ghtml

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