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The dollar rose 0.73% to R$5.4841 while futures rates climbed sharply after the central bank's Focus survey raised its 2027 inflation forecast from 4.34% to 4.76% and its 2026 year-end dollar forecast from R$5.05 to R$5.34. The market also expects a 2027 Selic of 12.50%, up from 11.75%.
Brent rose 0.31% to $105.10 a barrel.
Higher inflation and rate expectations point to tighter Brazilian credit and a weaker real, which affects the cost of Brazilian feed exports and local feed-making margins. The rising dollar forecast also signals continued pressure on Brazilian-origin commodity prices in reais.
bomdiamercado.com.brAna katiaNov 3, 2026After 301 past bullish macro events, Brazilian Real (BRL per USD) 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.
