The Brazilian real was changing hands around the 5.1/USD neighborhood as investors remained worried about the security of Brazil's political and judicial institutions and fiscal health. Supporters of former President Jair Bolsonaro have engaged in post-election unrest, storming the Congress, the supreme court, and the presidential palace during the weekend and claiming that the election was fraudulent. At the same time, investors have been concerned about Brazil's fiscal policy since President Lula da Silva took office earlier this year. The recently sworn-in President criticized the country's budgetary rules and spending caps shortly before signing a provisional measure that guarantees BRL 600 in a monthly aid program, extending the national tax break on fuel and removing state-backed giants from privatization programs. Still, the real ended 2022 as one of the top-performing emerging market currencies amid a series of interest rate hikes by the central bank and an upbeat growth outlook. The Brazilian Real is one of the driving factors impacting the global coffee market.