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Brazilian Real: Run-off risks skewed to downside against US Dollar – ING

Reported · Written up by our desk · Major Pairs

Chris Turner at ING notes USD/BRL has consolidated around 5.05 after gapping lower to 4.95 on Flavio Bolsonaro’s strong first-round showing. Polls for Sunday’s Lula–Bolsonaro run-off have tightened to roughly 50:50, with Lula’s gains linked to labour law changes.

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Sources

FXStreetBrazilian Real: Run-off risks skewed to downside against US Dollar – ING

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