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The Brazilian real strengthened at the open after Democrats were confirmed as winners of the US midterms, with the dollar down 0.20% at R$5.475. The dollar had closed up 0.70% the previous day at R$5.486, its highest level since December 2025.
Markets expect the central bank to hold the Selic rate at 13.75% at its meeting that day.
A firmer real lowers the cost of imported inputs such as corn and soymeal for Brazilian feed buyers. Rising inflation expectations and a possible rate hold, however, keep domestic financing costs high.
bemparana.com.brNov 4, 2026After 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.
