The spot dollar closed up 0.67% at R$5.4876 as risk aversion spread from US tech stocks after the Democratic midterm win. Investors also worried about the new Lula government's economic policy and fiscal position.
A firmer dollar against the real raises the dollar cost of Brazilian feed exports and can support soymeal and corn prices in US dollar terms.
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.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.