Loading…
Brazilian assets sold off on November 3, with the real closing at R$5.48 per dollar, its highest since late December. The Ibovespa fell 1.42% and entered a bear market after losing 20.82% from its October high.
Investors reacted to proposals from economist André Lara Resende and PT members to cut the Selic rate sharply.
A sharply weaker real and fears over central bank independence raise the cost of imported feed ingredients for Brazil and can boost Brazilian export competitiveness for soy and corn.
valorinternational.globo.comGabriel Roca, Gabriel Caldeira, Bruna Furlani, Maria Fernanda SalinetNov 4, 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.
