# Brazil corrected and Argentina paid the bill - Cohen Perspectivas

> Country risk for Brazil rose to 787 basis points at the end of October, its highest since October 2025, after Lula's re-election. The Ibovespa fell 18.1% in reais between October 23 and 30, while Argentina's spread also widened.

- Date: 2026-11-02 · published 2026-11-02T21:10:44.654Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/75889-brazil-corrected-and-argentina-paid-the-bill-cohen-perspectivas
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Regional risk repricing weakens the Brazilian real and Argentine assets, which can shift the relative competitiveness of South American soymeal and corn exports.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2018-06-08 | [First Argentina, Then Turkey, Brazil. Now South Africa Reels - Bloomberg](https://feedsoft.ai/events/5382-first-argentina-then-turkey-brazil-now-south-africa-reels-bloomberg.md) | -5.8% | -0.6% |
| USDBRL | 2018-07-19 | [Brazilian Real and Argentine Peso lose ground against the dollar — MercoPress](https://feedsoft.ai/events/64233-brazilian-real-and-argentine-peso-lose-ground-against-the-dollar-mercopress.md) | -3.5% | +1.9% |
| USDBRL | 2018-06-28 | [How a Rising U.S. Dollar Puts Argentina's and Brazil's Economies at Risk](https://feedsoft.ai/events/64805-how-a-rising-u-s-dollar-puts-argentina-s-and-brazil-s-economies-at-risk.md) | +1.8% | -3.2% |
| USDBRL | 2019-08-01 | [Brazil's Larger-Than-Expected Rate Cut Is a Sign of More to Come](https://feedsoft.ai/events/10779-brazil-s-larger-than-expected-rate-cut-is-a-sign-of-more-to-come.md) | +6.1% | +10.6% |
| USDBRL | 2024-09-12 | [Brazilian market has firm prices and new area cut in the summer corn crop](https://feedsoft.ai/events/13549-brazilian-market-has-firm-prices-and-new-area-cut-in-the-summer-corn-crop.md) | -2.9% | -1.2% |

## Sources

- perspectivas.cohen.com.ar: https://perspectivas.cohen.com.ar/articulos/weekly-update-brazil-corrected-and-argentina-paid-the-bill

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