
The dollar opened lower against the real after the Democratic victory in the US midterms, with the spot rate near R$5.4759 around 11am. The Ibovespa rose 0.90% to 167,013 points after falling 1.42% the previous session.
Investors were also watching the Copom decision and a planned provisional measure on a tax reform levy.
The result reduces expectations of aggressive US fiscal and regulatory moves, which weakens the dollar and supports emerging-market currencies that affect the cost of imported feed inputs.
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.