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The dollar closed October near R$5.45, gaining more than 9% in the week, its largest weekly rise since the 2008 financial crisis. The Ibovespa fell to 167.9 thousand points, recording its worst weekly drop since March 2020.
A steep rise in the dollar raises the cost of imported inputs and equipment for Brazilian agribusiness, while exporters receive more reais per dollar sold.
After 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.