
The dollar fell against the real on Wednesday morning, tracking a global retreat after Democrats took control of both chambers of the US Congress. The spot rate dropped 0.37% to R$5.4661, and the dollar index fell 0.48% to 101.23.
Markets were waiting for the Central Bank of Brazil's Copom decision later in the day, with a Reuters poll expecting the Selic to be held at 13.75%.
Dollar weakness against the real eases import costs for Brazilian feed buyers, but expectations of a Selic pause keep domestic borrowing costs high for livestock and feed sectors.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
After 213 past bearish macro events, Brazilian Real (BRL per USD) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +0.9%), and +0.2% 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.