# Dollar hits R$5.48 after Lula reelection and revised economic forecasts

> The commercial dollar rose about 0.9% to R$5.48 after Lula's reelection and a central bank survey that raised inflation, interest rate and dollar forecasts. Finance Minister Dario Durigan said the government would keep pursuing fiscal adjustment. Oil also rose after US strikes on Iran's Qeshm Island.

- Date: 2026-11-03 · published 2026-11-03T15:10:19.770Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/77872-dollar-hits-r-5-48-after-lula-reelection-and-revised-economic-forecasts
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Weaker Brazilian currency expectations raise the cost of imported inputs for Brazilian feed buyers, and the oil move adds to energy and fertilizer cost pressure.

## Read by commodity

- BRENT: bullish ▲
- 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 | 2026-10-26 | [Analysts forecast Brazil market plunge after Lula turnaround win By Reuters](https://feedsoft.ai/events/17286-analysts-forecast-brazil-market-plunge-after-lula-turnaround-win-by-reuters.md) | +7.6% | — |
| 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 | 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% |
| BRENT | 2017-06-30 | [Canadian Dollar Exchange Rates Boosted As GDP Comes In On Forecast And Oil Boosts The CAD](https://feedsoft.ai/events/70739-canadian-dollar-exchange-rates-boosted-as-gdp-comes-in-on-forecast-and-oil.md) | +2.3% | +8.2% |
| BRENT | 2021-05-11 | [Commodity currencies hold advantage as dollar waits for inflation and Fed \| Reuters](https://feedsoft.ai/events/47003-commodity-currencies-hold-advantage-as-dollar-waits-for-inflation-and-fed.md) | +1.6% | +4.9% |
| BRENT | 2026-09-10 | [South African rand slips as dollar, oil outweigh mixed economic data \| MarketScreener Hong Kong](https://feedsoft.ai/events/17770-south-african-rand-slips-as-dollar-oil-outweigh-mixed-economic-data.md) | +8.4% | +8.4% |

## Sources

- diariocarioca.com: https://www.diariocarioca.com/2026/11/03/economia/dolar-sobe-5-48-reeleicao-lula-projecoes-economicas/

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