
The dollar reached R$5.65, its highest since June 2, 2025, after markets were disappointed by a government bill to free up 2027 budget space. Analysts said the measures do not address the structural rise in public debt.
Futures rates rose across all maturities and the Ibovespa fell.
Persistent fiscal doubts keep the real under pressure, which makes Brazilian grain and meal exports cheaper in dollar terms and supports Brazilian selling pressure on world feed prices.
After 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.
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.