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The Brazilian Senate plenary approved the base text of a fiscal adjustment bill, which includes extra spending controls and a lower cap on spending growth. The minister said the measures would have an impact of R$50-60 billion in 2027.
Investors were also digesting corporate earnings, and the dollar opened higher against the real.
Fiscal uncertainty weighs on the real and can keep the dollar high against local currency, which affects the cost of imported inputs and dollar-priced feed exports from Brazil.
moneytimes.com.brRenan SousaNov 13, 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.
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.
