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Brazilian Real: Election shock raises losses against US Dollar - SocGen

Reported · Written up by our desk · Major Pairs

Societe Generale strategists highlight Brazil’s election surprise, with Lula securing a fourth term and triggering expectations of sharp Brazilian Real (BRL) losses. They see unwinding of long BRL positions and stress key resistance levels around 5.20–5.31 for USD/BRL.

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Sources

FXStreetBrazilian Real: Election shock raises losses against US Dollar - SocGen

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