EconomyPolitics

Dollar closes at R $ 5.44 and registers higher weekly high since 2008

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 31/10/2026, 00:24:24 UTC.

Briefings

Brazilian markets closed October with significant pressure, as the US dollar advanced 1% to R$ 5.446 and the Ibovespa fell 0.75% to 167,921.80 points. The dollar gained over 9% weekly, the highest since the 2008 crisis, while the Ibovespa lost 18.12% weekly, its worst since March 2020. This decline followed the re-election of President Luiz Inácio Lula da Silva, which triggered fiscal policy uncertainty. International tech stocks and AI companies also pressured the dollar, with the S&P 500 down 1.82% in New York. The dollar reached a high of R$ 5.463 during the session before settling at R$ 5.446.

Key points

• The US dollar advanced approximately 1% to close at R$ 5.446, marking its highest weekly gain since October 2008.
• Brazil's Ibovespa index dropped 0.75% to 167,921.80 points, representing the fifth consecutive week of losses since the start of the pandemic.

Context

The Brazilian market's performance was driven by domestic uncertainty following the re-election of President Luiz Inácio Lula da Silva, which led to adjustments in the stock market after fiscal policy concerns. International factors, including pressure from tech stocks and AI companies, also influenced the dollar's value against other currencies.

Limitations

Data reflects October 2026 market conditions. The evidence covers the final trading session and the subsequent week, with specific details limited to the provided text. Some figures, such as the exact dollar high during the session, are approximate. The analysis does not include information beyond the provided evidence, and no causal claims are made about the election's direct impact without further source support.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 31/10/2026, 00:28:17 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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