# Dollar rises to R$5.65 and long-term rates return to 15% after fiscal package

> The dollar closed the week at R$5.65 after the Senate-approved fiscal package disappointed markets. Long-term Brazilian interest rates returned to around 15% by the end of the week. J.P. Morgan expects the primary balance to improve by R$45 billion to R$54 billion in 2027 but does not expect the 0.5% of GDP target to be met, and it keeps its Selic forecast at 13.75% through 2027.

- Date: 2026-11-14 · published 2026-11-14T21:11:15.951Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/99968-dollar-rises-to-r-5-65-and-long-term-rates-return-to-15-after-fiscal-package
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Higher long-term rates and a weaker real tighten financing for Brazilian livestock and feed producers and can keep the real cheap for export buyers, which affects demand and pricing for Brazilian feed commodities.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| USDBRL | 2024-12-18 | [Dollar index hits two-year high after Fed delivers rate cut](https://feedsoft.ai/events/26849-dollar-index-hits-two-year-high-after-fed-delivers-rate-cut.md) | +1.3% | -1.1% |
| USDBRL | 2025-07-28 | [Dollar approaches R$5,60 again, driven by external factors after agreement between the US and EU \| Brasil 247](https://feedsoft.ai/events/24001-dollar-approaches-r-5-60-again-driven-by-external-factors-after-agreement.md) | -0.4% | -2.6% |
| USDBRL | 2024-07-02 | [Latam assets drop on fiscal policy, interest rates caution](https://feedsoft.ai/events/9454-latam-assets-drop-on-fiscal-policy-interest-rates-caution.md) | -2.8% | +1.2% |
| USDBRL | 2025-02-25 | [Analysis: Exchange rate caught between external factors and fiscal risks](https://feedsoft.ai/events/26254-analysis-exchange-rate-caught-between-external-factors-and-fiscal-risks.md) | +2.7% | -0.1% |

## Sources

- brapi.dev: https://brapi.dev/news/dolar-a-r-5-65-e-juro-longo-a-15-apos-ajuste-d43f398b

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