Flávio Bolsonaro's First-Round Lead Sent the Brazilian Real Surging - R$4.50 BRL/USD Exchange Rate Coming?

Flávio Bolsonaro's First-Round Lead Sent the Brazilian Real Surging - R$4.50 BRL/USD Exchange Rate Coming?

Flávio Bolsonaro leads Lula in Brazil's first round, sending the real up 4%+ and Ibovespa to a record. Here's what Miami investors must do before October 25.

Flávio Bolsonaro Lead Coincides With Brazilian Stocks’ Record Close

The Ibovespa rose 7.70% after the first-round vote, while the real traded below 5 reais per dollar. A runoff is set for Oct. 25.

Flávio Bolsonaro's Election Lead Boosts Brazilian Markets

Flávio Bolsonaro's strong first-round lead in the Brazilian presidential election has significantly impacted markets, with equities and the real rallying on fiscal discipline expectations. (Read More)

J.P. Morgan upgrades Brazil stocks after Bolsonaro's surprise lead

SAO PAULO, Brazil: Brazilian stocks surged more than eight percent on October 5 as investors cheered right-wing Senator Flavio Bolsonaro's first-place finish in the presidential election, a strong showing matched by gains for his allies in Congress. Analysts say a friendlier legislature would make it easier for Bolsonaro to push through a pro-market agenda of tighter public spending, privatizations, and tax cuts