Dollar reacts to Selic hold at 13.75% and Democratic win in US

After 92 past neutral macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +0.4% over 20.

• Dec 11, 2019FX Daily: US dollar at cruising speed | ING THINK-1.8%
• Dec 7, 2022Brazil Holds Key Rate at 13.75% as Lula’s Spending Plan Adds to Inflation Risk - Bloomberg+0.5%
• Mar 23, 2023Brazil’s Central Bank maintains basic interest rate at 13.75% a year | Agência Brasil-2.3%
• Dec 12, 2023USDBRL should reflect Brazil's GDP, employment and services in the US, and data for China-0.1%
• Jan 18, 2017Brazil says not worried about strong dollar as rate cuts intensify-1.2%

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.

• Dec 17, 2020Ringgit to rebound as US dollar weakens+0.2%
• Mar 15, 2017Gold up, dollar down in unusual VN reaction-1.5%
• May 13, 2025UOB: The US dollar continues to weaken, reaching 26,300 VND in Q3.-0.9%
• Nov 7, 2024Gold holds firm after US Fed rate cut, softer dollar+1.0%
• Jan 3, 2020The US dollar could see a 5% sell off in 2020: Strategist+0.2%