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The US dollar opened November higher against the Brazilian real, touching above R$5.51 before easing to about R$5.48 on Tuesday, up roughly 0.7%. The Ibovespa index fell about 1.5%.
Investors are awaiting the Copom interest rate decision due Wednesday and watching US midterm elections and signals on Lula's incoming economic team.
A weaker real raises the cost of imported feed inputs priced in dollars for Brazilian buyers and can encourage Brazilian exporters to sell soybeans, corn and meal, adding pressure on prices. Rate expectations from the Copom decision could further move the currency.
portaldoagronegocio.com.brFredNov 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.
