# Selic future dispute kicks off Copom week; Ibovespa in dollar rises Tuesday (3)

> Markets reacted to a proposal by economist André Lara Resende for a new formula to set the Selic, including a ceiling tied to inflation and growth, which investors read as a possible interest rate cap. The Copom decision is due Wednesday, and analysts expect rates to be held and the pace of cuts paused. The Ibovespa had fallen 18.12% over the week after Lula's reelection.

- Date: 2026-11-03 · published 2026-11-03T12:08:35.072Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/77534-selic-future-dispute-kicks-off-copom-week-ibovespa-in-dollar-rises-tuesday-3
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Uncertainty over monetary policy keeps the real under pressure, which raises import costs for feed ingredients and fertilizers priced in dollars. Brazilian feed buyers face higher financing costs while the currency stays weak.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2018-07-30 | [Dollar kicks off the week with a 0.33% hike - ANBA News Agency](https://feedsoft.ai/events/64231-dollar-kicks-off-the-week-with-a-0-33-hike-anba-news-agency.md) | -0.0% | +10.3% |
| USDBRL | 2024-09-23 | [Dollar rises more than 1% at the start of a week marked by inflation data in Brazil and the US \| Brasil 247](https://feedsoft.ai/events/28517-dollar-rises-more-than-1-at-the-start-of-a-week-marked-by-inflation-data-in.md) | -1.1% | +3.9% |
| USDBRL | 2022-09-26 | [Crowd of dollar bulls raises risk of violent pullback](https://feedsoft.ai/events/10321-crowd-of-dollar-bulls-raises-risk-of-violent-pullback.md) | +3.1% | +0.8% |
| USDBRL | 2018-08-13 | [Turkish crisis drives up dollar in Brazil - ANBA News Agency](https://feedsoft.ai/events/9469-turkish-crisis-drives-up-dollar-in-brazil-anba-news-agency.md) | +2.2% | +6.6% |
| USDBRL | 2025-11-19 | [Dollar rises in the Brazilian market following international movement \| Brasil 247](https://feedsoft.ai/events/22163-dollar-rises-in-the-brazilian-market-following-international-movement-brasil-247.md) | +1.3% | +3.8% |

## Sources

- moneytimes.com.br: https://www.moneytimes.com.br/disputa-pelo-futuro-da-selic-da-pontape-na-semana-do-copom-ibovespa-em-dolar-sobe-nesta-terca-feira-3-rens/

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