# Dollar starts rising against real with politics in focus after Copom holds rates

> The dollar turned higher against the real on Thursday after trading mostly lower in the morning, reaching R$5.4765, up 0.47%. Investors weighed the central bank’s decision to keep the Selic at 13.75% alongside uncertainty over the next government’s economic team and fiscal policy; Lula called a meeting with economic advisers and was expected to address budget discipline.

- Date: 2026-11-05 · published 2026-11-06T00:08:57.574Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/82714-dollar-starts-rising-against-real-with-politics-in-focus-after-copom-holds-rates
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Political and fiscal uncertainty can weaken the real, raising the local-currency cost of imported feed and other dollar-priced commodities. The currency move was modest and did not signal a change in physical commodity supply.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2026-06-02 | [Brazilian Real: Politics drive correction against US Dollar – Commerzbank](https://feedsoft.ai/events/12077-brazilian-real-politics-drive-correction-against-us-dollar-commerzbank.md) | +2.7% | +2.7% |
| USDBRL | 2026-10-26 | [Euro falls against dollar; Brazilian real tumbles after Lula election win](https://feedsoft.ai/events/17282-euro-falls-against-dollar-brazilian-real-tumbles-after-lula-election-win.md) | +7.6% | — |
| USDBRL | 2024-11-29 | [What is happening to BRL as the Brazilian Real collapses against the US Dollar](https://feedsoft.ai/events/27617-what-is-happening-to-brl-as-the-brazilian-real-collapses-against-the-us-dollar.md) | +1.7% | +5.6% |
| USDBRL | 2017-05-18 | [Dollar Rebounds, Brazilian Real Plunges as Politics Dominates - WSJ](https://feedsoft.ai/events/4356-dollar-rebounds-brazilian-real-plunges-as-politics-dominates-wsj.md) | +5.6% | +5.6% |
| USDBRL | 2025-10-30 | [Dollar rises against the real, still influenced by Fed decision \| Brasil 247](https://feedsoft.ai/events/22619-dollar-rises-against-the-real-still-influenced-by-fed-decision-brasil-247.md) | +0.2% | -0.1% |

## Sources

- br.investing.com: https://br.investing.com/news/forex-news/dolar-passa-a-subir-ante-real-com-politica-no-radar-apos-copom-manter-juros-2117753

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