# Dollar at R$5.447 After Election Leads Economists to Raise IPCA Projection

> The dollar closed at R$5.447 on Friday, its highest of 2026, after rising about 9.2% during the week following Lula's re-election. Economists revised Brazil's 2026 and 2027 inflation forecasts above the central bank's 4.5% ceiling, citing the currency, food pressure and El Niño.

- Date: 2026-11-02 · published 2026-11-03T00:09:05.819Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/76414-dollar-at-r-5-447-after-election-leads-economists-to-raise-ipca-projection
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Higher inflation expectations and a weaker real raise costs for imported feed inputs and food, and El Niño-driven food pressure adds to the upside risk.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-10-31 | [Brazil's real down after Lula wins presidential election; Bolsonaro yet to concede](https://feedsoft.ai/events/39344-brazil-s-real-down-after-lula-wins-presidential-election-bolsonaro-yet-to.md) | -5.8% | -1.1% |
| 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 | 2024-12-18 | [Dollar index hits two-year high after Fed delivers rate cut](https://feedsoft.ai/events/26849-dollar-index-hits-two-year-high-after-fed-delivers-rate-cut.md) | +1.3% | -1.1% |
| USDBRL | 2025-12-23 | [Real slides on election fears, seasonal dollar outflows](https://feedsoft.ai/events/21717-real-slides-on-election-fears-seasonal-dollar-outflows.md) | -1.4% | -5.0% |

## Sources

- hubnews.io: https://hubnews.io/brasil/noticias/dolar-a-r-5447-apos-a-eleicao-leva-economistas-a-elevar-projecao-do-ipca

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