Global markets opened without a clear direction after Wall Street rallied on falling oil prices and the Democrats' midterm victory. Brent fell almost 9% in the prior session to below $100 a barrel, and was down about 20% for the week, while Brazil's central bank paused its rate cuts.
Lower oil prices ease energy and freight costs for feed, but the oil move is driven by expectations of an end to the Iran conflict. Brazil's high real rate keeps domestic credit expensive.
After 621 past macro events, Brazilian Real (BRL per USD) moved a median +0.2% over 5 sessions (53% higher; middle half -1.3% to +1.4%), and +0.6% 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.