# The dollar stays near nominal record highs and the devaluation of Brazil's real raises alarms

> The Argentine wholesale dollar closed at 1,547.50 pesos while financial dollar rates set new nominal records, with the CCL reaching 1,689.02. The Brazilian real has depreciated 9.15% against the US dollar, reviving warnings about the competitiveness of the Argentine peso.

- Date: 2026-11-05 · published 2026-11-05T15:10:17.474Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/81961-the-dollar-stays-near-nominal-record-highs-and-the-devaluation-of-brazil-s-real
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A sharply weaker real makes Brazilian exports cheaper and more competitive, which can pressure Argentine trade margins and influence regional feed and grain export pricing. The effect on commodity prices is indirect and mainly through currency competitiveness.

## Read by commodity

- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2023-08-07 | [Outlook for the Brazilian Real and the real economy](https://feedsoft.ai/events/34792-outlook-for-the-brazilian-real-and-the-real-economy.md) | +0.8% | +1.8% |
| USDBRL | 2025-02-03 | [Trump's tariffs raise fears Brazil's central bank is out of step on inflation](https://feedsoft.ai/events/26256-trump-s-tariffs-raise-fears-brazil-s-central-bank-is-out-of-step-on-inflation.md) | -0.9% | +0.8% |
| USDBRL | 2023-08-30 | [EMERGING MARKETS-Latin American currencies up on weaker dollar; Brazil's real lags on rate-cut speculation](https://feedsoft.ai/events/34788-emerging-markets-latin-american-currencies-up-on-weaker-dollar-brazil-s-real.md) | +2.3% | +4.1% |
| USDBRL | 2020-09-04 | [Brazil's real slips against firmer dollar, Wall St slide hits Latam stocks \| Financial Post](https://feedsoft.ai/events/51311-brazil-s-real-slips-against-firmer-dollar-wall-st-slide-hits-latam-stocks.md) | -0.1% | +7.1% |
| USDBRL | 2023-09-26 | [EMERGING MARKETS-Brazil's real steady after inflation data, Hungary trims interest rates](https://feedsoft.ai/events/34325-emerging-markets-brazil-s-real-steady-after-inflation-data-hungary-trims.md) | +2.3% | +0.7% |

## Sources

- ambito.com: https://www.ambito.com/finanzas/el-dolar-se-mantiene-cerca-maximos-historicos-nominales-y-la-devaluacion-del-real-brasil-enciende-alertas-n6341762

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