Brazilian Real: Election-driven support with downside risks – Commerzbank

FXStreet16 October 2026, 13:34 UTCBrazil

Norman Liebke at Commerzbank highlights that Brazil’s presidential run-off on 25 October between Lula da Silva and Flavio Bolsonaro is closely watched by markets. A Bolsonaro victory would likely bring more market-friendly, fiscally conservative policies and closer ties to the United States.

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