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Brazilian Real: Election shock drives sharp repricing – Deutsche Bank

Reported · Written up by our desk · Major Pairs

Deutsche Bank strategists highlight Brazil’s surprise election, with President Lula winning a fourth term after trailing in the first round. A Tokyo-listed ETF tracking Brazilian equities fell sharply, and the Real is indicated lower via derivatives. They stress that a rightward shift in Congress should constrain fiscal loosening, making Lula’s ability to establish a credible fiscal path crucial for Brazilian assets.

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Sources

FXStreetBrazilian Real: Election shock drives sharp repricing – Deutsche Bank

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