# Dollar keeps rising in Brazil and the real has lost 12% since Lula's win

> The dollar rose 0.5% to 5.61 reais, its highest since May 2025, and the real has lost about 12% since Lula won the late-October runoff. The Bovespa index fell 0.9% and is down 17% since the election, with Petrobras and Vale shares sharply lower.

- Date: 2026-11-12 · published 2026-11-12T18:10:53.521Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/95872-dollar-keeps-rising-in-brazil-and-the-real-has-lost-12-since-lula-s-win
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Currency weakness and capital outflows raise the cost of imported inputs for Brazilian producers while making Brazilian exports cheaper, a mechanism that tends to weigh on world soy and corn prices.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2024-01-23 | [Brazil's real weakens past 5.00 per dollar for 1st time since November](https://feedsoft.ai/events/32323-brazil-s-real-weakens-past-5-00-per-dollar-for-1st-time-since-november.md) | -0.8% | -1.0% |
| 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 | 2018-06-28 | [How a Rising U.S. Dollar Puts Argentina's and Brazil's Economies at Risk](https://feedsoft.ai/events/64805-how-a-rising-u-s-dollar-puts-argentina-s-and-brazil-s-economies-at-risk.md) | +1.8% | -3.2% |
| USDBRL | 2022-04-25 | [Brazilian real tumbles amid rallying dollar and local tensions](https://feedsoft.ai/events/6864-brazilian-real-tumbles-amid-rallying-dollar-and-local-tensions.md) | +3.5% | +2.0% |

## Sources

- infobae.com: https://www.infobae.com/economia/2026/11/12/en-brasil-sigue-subiendo-el-dolar-y-el-real-ya-se-devaluo-un-12-tras-el-triunfo-de-lula/

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