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

> The dollar closed at R$5.4511 for sale on the prior session. Brazil's central bank Copom unanimously kept the Selic rate at 13.75% with a hawkish statement, and no forward guidance was given. Markets also reacted to Democratic majorities in both US chambers.

- Date: 2026-11-05 · published 2026-11-05T12:08:13.371Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/81619-dollar-reacts-to-selic-hold-at-13-75-and-democratic-win-in-us
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer real supported by high Brazilian rates would weigh on the BRL cost of imported feed ingredients, while fiscal uncertainty in Brazil pushes the other way; the currency move feeds into Brazilian soymeal and corn export competitiveness.

## Read by commodity

- DXY: bearish ▼
- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2019-12-11 | [FX Daily: US dollar at cruising speed \| ING THINK](https://feedsoft.ai/events/55508-fx-daily-us-dollar-at-cruising-speed-ing-think.md) | -1.8% | -1.6% |
| USDBRL | 2022-12-07 | [Brazil Holds Key Rate at 13.75% as Lula’s Spending Plan Adds to Inflation Risk - Bloomberg](https://feedsoft.ai/events/38433-brazil-holds-key-rate-at-13-75-as-lula-s-spending-plan-adds-to-inflation-risk.md) | +0.5% | +2.7% |
| USDBRL | 2023-03-23 | [Brazil’s Central Bank maintains basic interest rate at 13.75% a year \| Agência Brasil](https://feedsoft.ai/events/37069-brazil-s-central-bank-maintains-basic-interest-rate-at-13-75-a-year-agencia.md) | -2.3% | -4.0% |
| USDBRL | 2023-12-12 | [USDBRL should reflect Brazil's GDP, employment and services in the US, and data for China](https://feedsoft.ai/events/32942-usdbrl-should-reflect-brazil-s-gdp-employment-and-services-in-the-us-and-data.md) | -0.1% | -1.0% |
| USDBRL | 2017-01-18 | [Brazil says not worried about strong dollar as rate cuts intensify](https://feedsoft.ai/events/73177-brazil-says-not-worried-about-strong-dollar-as-rate-cuts-intensify.md) | -1.2% | -4.7% |
| DXY | 2020-12-17 | [Ringgit to rebound as US dollar weakens](https://feedsoft.ai/events/49920-ringgit-to-rebound-as-us-dollar-weakens.md) | +0.2% | -0.2% |
| DXY | 2017-03-15 | [Gold up, dollar down in unusual VN reaction](https://feedsoft.ai/events/72285-gold-up-dollar-down-in-unusual-vn-reaction.md) | -1.5% | -1.3% |
| DXY | 2025-05-13 | [UOB: The US dollar continues to weaken, reaching 26,300 VND in Q3.](https://feedsoft.ai/events/24990-uob-the-us-dollar-continues-to-weaken-reaching-26-300-vnd-in-q3.md) | -0.9% | -2.0% |

## Sources

- br.investing.com: https://br.investing.com/analysis/dolar-hoje-reage-a-manutencao-da-selic-em-1375-e-a-vitoria-democrata-nos-eua-200480539

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