# Foreigners see exaggeration in post-election real slump and highlight conservative Congress

> Economists and strategists at major financial institutions said the real's post-election depreciation was exaggerated and would likely be partly reversed if public accounts are adjusted. The dollar rose 9.04% against the real in the first week after the election, its largest weekly gain since October 2008. Analysts also noted that a more conservative Congress could restrain a more expansionary fiscal agenda.

- Date: 2026-11-04 · published 2026-11-04T15:08:48.155Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/79911-foreigners-see-exaggeration-in-post-election-real-slump-and-highlight
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

The sharp real depreciation raised import costs for Brazilian feed and grain buyers, and a partial reversal would ease those costs, but fiscal policy outcomes remain the key variable.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2022-03-24 | [Brazil’s Real and Stocks Are World’s Best as Foreigners Pile In](https://feedsoft.ai/events/12658-brazil-s-real-and-stocks-are-world-s-best-as-foreigners-pile-in.md) | -1.6% | -4.8% |
| USDBRL | 2022-07-07 | [Brazil real to firm, but pre-election fiscal loosening seen as risk - Reuters poll](https://feedsoft.ai/events/40694-brazil-real-to-firm-but-pre-election-fiscal-loosening-seen-as-risk-reuters-poll.md) | -1.5% | -3.4% |
| USDBRL | 2022-01-23 | [Foreign investors pare bets against Brazilian real](https://feedsoft.ai/events/43351-foreign-investors-pare-bets-against-brazilian-real.md) | -0.5% | -5.5% |
| USDBRL | 2025-09-18 | [UBS BB cuts exchange rate forecasts, sees firmer real on US easing and Brazil’s rates](https://feedsoft.ai/events/23092-ubs-bb-cuts-exchange-rate-forecasts-sees-firmer-real-on-us-easing-and-brazil-s.md) | +0.2% | +2.4% |
| USDBRL | 2017-08-08 | [Brazil: Real rises to near three-month high in August \| Economy  \| POST Online Media](https://feedsoft.ai/events/69658-brazil-real-rises-to-near-three-month-high-in-august-economy-post-online-media.md) | +1.6% | -0.1% |

## Sources

- broadcast.com.br: https://www.broadcast.com.br/news/estrangeiros-veem-exagero-em-tombo-do-real-pos-eleicao-e-destacam-congresso-conversador/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.