# Brazilian Real Slips Ahead of BCB Monetary Policy Decision

> The Brazilian real weakened to around 5.50 per US dollar, its weakest level since briefly touching 5.60 right after President Lula's runoff victory. Markets are awaiting the Copom decision, with most expecting the Selic rate to stay at 13.75% amid fiscal concerns.

- Date: 2026-11-03 · published 2026-11-03T18:09:06.299Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/78099-brazilian-real-slips-ahead-of-bcb-monetary-policy-decision
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A weaker real raises the cost of imported inputs for Brazilian feed and makes Brazilian soybean meal and corn exports more competitive, which can pressure global soymeal prices. Rising inflation and rate expectations add to currency pressure without a clear commodity-specific driver.

## Read by commodity

- SBM: bearish ▼
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2024-08-05 | [Brazilian real depreciation stirs economic concerns](https://feedsoft.ai/events/11941-brazilian-real-depreciation-stirs-economic-concerns.md) | -7.8% | -11.4% |
| SBM | 2026-06-02 | [Brazilian Real: Politics drive correction against US Dollar – Commerzbank](https://feedsoft.ai/events/12077-brazilian-real-politics-drive-correction-against-us-dollar-commerzbank.md) | -8.7% | -9.3% |
| SBM | 2022-05-03 | [China \| RMB exchange rate sharp depreciation amid diverging monetary policy \| BBVA Research](https://feedsoft.ai/events/8313-china-rmb-exchange-rate-sharp-depreciation-amid-diverging-monetary-policy-bbva.md) | -6.7% | -1.8% |
| SBM | 2026-10-28 | [Sharp decline in Brazilian real boosts competitiveness of soybean meal exports](https://feedsoft.ai/events/131-sharp-decline-in-brazilian-real-boosts-competitiveness-of-soybean-meal-exports.md) | -3.8% | — |
| SBM | 2023-06-30 | [Brazilian Real Technical Analysis: USD/BRL, EUR/BRL](https://feedsoft.ai/events/35694-brazilian-real-technical-analysis-usd-brl-eur-brl.md) | +1.6% | +11.9% |
| USDBRL | 2026-10-01 | [Brazilian Real Under Pressure Ahead of Election](https://feedsoft.ai/events/4935-brazilian-real-under-pressure-ahead-of-election.md) | -3.5% | +4.1% |
| USDBRL | 2019-02-19 | [Latam FX weak, Brazil's real drops ahead of pension reform plans - Pension Policy International](https://feedsoft.ai/events/60781-latam-fx-weak-brazil-s-real-drops-ahead-of-pension-reform-plans-pension-policy.md) | +1.4% | +1.5% |
| USDBRL | 2023-10-31 | [USDBRL should reflect monetary policy decisions from Brazil, the US, Japan, and England and data for the US and China](https://feedsoft.ai/events/33832-usdbrl-should-reflect-monetary-policy-decisions-from-brazil-the-us-japan-and.md) | -2.9% | -2.8% |

## Sources

- pt.tradingeconomics.com: https://pt.tradingeconomics.com/brazil/currency/news/597741
- squawknews.com: https://squawknews.com/news/799588-brazilian-real-slips-ahead-of-bcb-monetary-policy-decision
- tradingview.com: https://www.tradingview.com/news/te_news:597741:0-brazilian-real-slips-ahead-of-bcb-monetary-policy-decision/

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