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The Brazilian dollar closed down 0.64% at R$5.451 on Wednesday, tracking a weaker US dollar after Democrats won the US midterm elections. The Ibovespa rose more than 1% and the DXY fell 0.2% to 101.52, while Brent dropped 8.67% to $94.62.
The market closed before the central bank announced it would hold the Selic at 13.75%.
A softer dollar and lower oil reduce pressure on Brazilian import costs, though the Selic hold and fiscal concerns limit how far the real can rally. Feed buyers importing inputs priced in dollars may see slightly lower costs.
bmcnews.com.brAgência BrasilNov 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.
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 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% 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.
