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Market expectations for Brazil's Copom meeting on Wednesday shifted from a 0.25-point Selic cut to holding the rate at 13.75% after the second round of elections. Economist Tatiana Pinheiro said the weaker real, around R$5.35 per dollar, is a potential inflation pressure and expects the Focus survey to raise 2026 and 2027 inflation forecasts.
A weaker real raises the cost of imported inputs and feed-related goods for Brazilian buyers, and a tighter central bank stance keeps domestic financing costs high.
cnnbrasil.com.brDa CNN BrasilNov 2, 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.
