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Brazil’s Central Bank Focus survey raised its median dollar exchange-rate projection for the end of 2026 to R$5.35 from R$5.34. Forecasts for the end of 2028 and 2029 also increased, while the 2027 projection remained at R$5.40.
A higher projected dollar rate implies a weaker real, which can increase the cost of imported feed inputs; the change in the 2026 median was slight.
After 40 past report events, Brazilian Real (BRL per USD) moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.3%), and -0.2% 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.