Real Rallies to R$5.42 as Ibovespa Slips on China Beef Curbs at 2026 Open

Overview

• The dollar closed down 1.18% at R$5.4238 against the real, marking the best performance among major emerging currencies on the day.
• Brazilian interest-rate futures fell across the curve, with DI Jan-2027 at 13.70%, Jan-2028 at 13.05%, Jan-2029 at 13.06% and Jan-2031 at 13.33%, reflecting a removal of risk premia.
• The Ibovespa declined 0.36% to 160,539 points as meatpackers sank on China’s new 1.1 million tonne beef import quota and a 55% tariff on volumes above it.
• Global equities opened 2026 on a positive note, with tech and AI-related shares lifting Europe’s STOXX 600 toward records and Wall Street closing higher overall.
• Trading volumes were thin after holidays, and investors focused on U.S. data next week, including PMIs and the payroll report, as well as signals on central-bank policy.