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The dollar gained 1.48% to close at R$5.586, its highest level since July 2025, as Brazil’s Copom minutes sounded less hawkish than expected and domestic inflation expectations deteriorated. U.S. October consumer inflation also exceeded forecasts, adding to global dollar strength; the exchange rate briefly topped R$5.61.
A stronger dollar and weaker real raise the cost of imported feed ingredients and inputs in Brazil, while potentially supporting export competitiveness. Higher U.S. inflation may also keep interest rates elevated and support the dollar.
valor.globo.comNov 11, 2026After 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.
