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The dollar opened lower but turned higher in spot trading after Finance Minister Dario Durigan said no fiscal measures are expected in coming days. Lula is due to address the nation on Sunday, and industrial output fell 0.8% in September from August.
Fiscal uncertainty and elevated rates keep the real weak against the dollar, pushing up the local cost of imported feed ingredients.
After 301 past bullish macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.7%), and +1.0% 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.