Loading…
Brazilian markets sold off after Luiz Inacio Lula da Silva's reelection, and the real lost 8.5% against the dollar last week. The Bovespa stock index also fell sharply.
Thirty-three of 48 economists polled by Reuters expect the central bank to hold its rate at 13.75% at Wednesday's decision.
A sharp real depreciation raises the local-currency cost of imported inputs such as soymeal-competing feed ingredients, fertilizers and fuel. It also makes financing more expensive for Brazilian feed and livestock buyers.
money.usnews.comReutersNov 3, 2026
investing.comNov 3, 2026After 301 past bullish macro events, USDBRL 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.
