Business · Markets · 6 hrs ago
Dollar closes higher as Ibovespa falls for sixth straight session
Brazil’s dollar rate rose 0.79% on Tuesday, closing at R$5.4871.
It was the first trading session of November.
The Ibovespa, Brazil’s main stock-market index, fell 1.42% to 165,528 points.
That was its sixth consecutive decline.
The figures show that both the dollar and the stock index moved against the real and Brazilian shares in that session.
The report gives no reason for the moves or details of what may happen next.
The Ibovespa fell 1.42% on Tuesday, extending its losing streak to six sessions.
The dollar rose 0.79% to about R$5.487, its highest level since December 30 of the previous year, according to Exame.
Shares of Petrobras and Vale weighed on the Brazilian stock index.
Investors were concerned about the next government’s economic policy and awaited the central bank’s interest-rate decision.
The sources report the Ibovespa closing at 165,528.92 points and 165,528 points, respectively.
- Who
- Investors in Brazil’s financial markets.
- What
- The Ibovespa fell 1.42% for a sixth consecutive session, while the commercial dollar rose 0.79%.
- When
- Tuesday, November 3, 2026.
- Where
- Brazil’s financial markets.
- Why
- Concerns about economic policy under the next Lula government and pressure from Petrobras and Vale weighed on the market; investors also awaited the Copom decision.
This story does not have two clearly opposing sides.
After the All Souls’ Day holiday, the Ibovespa fell 1.42% and the dollar rose 0.79% in the first trading session of November.
The Copom was scheduled to announce its interest-rate decision.
- Ibovespa change
- Down 1.42%
- Ibovespa close
- 165,528.92 points, according to Exame; 165,528 points, according to UOL
- Commercial dollar
- Up 0.79% to R$5.487, according to Exame; R$5.4871, according to UOL
- Petrobras PETR4
- Down 3.79%
- Vale VALE3
- Down 2.85%
- Next Copom decision
- Scheduled for November 4
2 sources
What people are saying
The Focus Bulletin revised upward its inflation and interest-rate projections across all horizons, with the Selic rate expected at the end of 2027 rising from 11.75% to 12.50% and the 2027 IPCA inflation rate reaching 4.76%, above the target ceiling. In addition, the market is awaiting the Copom decision this Wednesday, with the vast majority of bets pointing to the Selic target rate being maintained, according to Copom Options.