# Brazilian Real Extends Losses on Fiscal Concerns

> The Brazilian real weakened past 5.65 per US dollar, its lowest level since May of last year. Markets had first welcomed the government's fiscal adjustment plan but now see it as timid, with measures focused on spending freezes rather than structural debt reform. October inflation rose to 4.63%, above the central bank's 4.5% target, leaving the bank cautious about resuming Selic rate cuts.

- Date: 2026-11-12 · published 2026-11-13T06:10:51.093Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/97227-brazilian-real-extends-losses-on-fiscal-concerns
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A weaker real makes Brazilian soybean, corn and meal exports cheaper in dollar terms, which can pressure global feed prices. Sticky inflation and a cautious central bank also raise domestic financing costs for Brazilian farmers and feed producers.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-02-09 | [Brazil's real leads Latam FX losses on fiscal concerns - Markets - Business Recorder](https://feedsoft.ai/events/48852-brazil-s-real-leads-latam-fx-losses-on-fiscal-concerns-markets-business-recorder.md) | +1.2% | +9.3% |
| USDBRL | 2021-10-19 | [Brazil's real slumps on fiscal concerns, Petrobras slides](https://feedsoft.ai/events/44780-brazil-s-real-slumps-on-fiscal-concerns-petrobras-slides.md) | +1.4% | -0.4% |
| USDBRL | 2024-11-28 | [BRL: Real hits four year low on fiscal concerns – ING — Elev8](https://feedsoft.ai/events/27616-brl-real-hits-four-year-low-on-fiscal-concerns-ing-elev8.md) | +1.7% | +5.6% |
| USDBRL | 2024-08-05 | [Brazilian real depreciation stirs economic concerns](https://feedsoft.ai/events/11941-brazilian-real-depreciation-stirs-economic-concerns.md) | -3.9% | -2.0% |
| USDBRL | 2024-08-30 | [Brazil Real Swings on Fiscal Woes, Central Bank Interventions](https://feedsoft.ai/events/29017-brazil-real-swings-on-fiscal-woes-central-bank-interventions.md) | -0.8% | -3.6% |

## Sources

- pt.tradingeconomics.com: https://pt.tradingeconomics.com/brazil/currency/news/600867

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