EconomyPolitics

Dollar rises 0.74% and is close to R $ 5.50 in fiscal caution day

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 03/11/2026, 22:24:24 UTC.

Briefings

Brazilian markets closed with the dollar rising 0.74% to R$ 5.486, approaching R$ 5.50 amid fiscal caution. The Ibovespa fell 1.42% to 165,528.92 points, marking the sixth consecutive loss since Lula's re-election in October 2025. The Federal Reserve raised inflation projections to 4.76% for 2027, and the Selic rate rose to 12.50% annually. Key factors included fiscal uncertainty, external oil price adjustments, and the Copom's upcoming policy decision.

Key points

• The dollar commercial rate rose 0.74% to R$ 5.486, closing near the R$ 5.50 psychological level.
• The Ibovespa fell 1.42% to 165,528.92 points, the sixth consecutive loss since Lula's October 2025 re-election.

Context

Brazilian markets declined after Lula's re-election in October 2025, with the dollar approaching R$ 5.50. The Federal Reserve raised inflation projections to 4.76% for 2027, and the Selic rate rose to 12.50% annually. The Copom decision on the Selic rate is expected on Thursday, influencing investor behavior.

Limitations

Data reflects preliminary closing figures from November 3, 2026, with some market movements occurring during the session. External factors like oil prices and US legislative elections influenced the Brazilian market, but specific causal links are not fully established. Copom's final decision remains pending as of the report's publication.

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