# Dollar rises 10% after election; banks see an overreaction and Congress as a counterweight

> The US dollar gained 10.33% against Brazil’s real between the last trading session before the presidential runoff and November 7, with a rise of more than 9% in the first week after Lula’s reelection. International bank strategists described the real’s decline as excessive and said fiscal adjustment and a conservative-leaning Congress could constrain expansionary policy; Commerzbank projected the dollar at R$5.20.

- Date: 2026-11-07 · published 2026-11-07T18:08:30.468Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/86257-dollar-rises-10-after-election-banks-see-an-overreaction-and-congress-as-a
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A weaker real can raise the local-currency cost of imported feed, fertilizer, and other commodities, while making Brazilian exports more competitive. The article reports currency-market views rather than a direct shift in commodity supply or demand.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2025-12-23 | [Real slides on election fears, seasonal dollar outflows](https://feedsoft.ai/events/21717-real-slides-on-election-fears-seasonal-dollar-outflows.md) | -1.4% | -5.0% |
| USDBRL | 2022-10-31 | [Brazil's real down after Lula wins presidential election; Bolsonaro yet to concede](https://feedsoft.ai/events/39344-brazil-s-real-down-after-lula-wins-presidential-election-bolsonaro-yet-to.md) | -5.8% | -1.1% |
| USDBRL | 2024-09-23 | [Dollar rises more than 1% at the start of a week marked by inflation data in Brazil and the US \| Brasil 247](https://feedsoft.ai/events/28517-dollar-rises-more-than-1-at-the-start-of-a-week-marked-by-inflation-data-in.md) | -1.1% | +3.9% |
| USDBRL | 2024-05-31 | [Dollar surpasses R$ 5,25 as battle over Ptax rate overshadows international markets \| Brasil 247](https://feedsoft.ai/events/30474-dollar-surpasses-r-5-25-as-battle-over-ptax-rate-overshadows-international.md) | +1.0% | +6.8% |

## Sources

- infomoney.com.br: https://www.infomoney.com.br/mercados/dolar-pos-eleicao-lula-bancos-estrangeiros-projecoes/

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