Brazil Weekly

How the Brazilian Real behaves in election years

In this week’s issue: The most important facts of the week. How the Brazilian Real behaves in election years. Which groups are voting for which candidates?

The week in review

  • Markets. Opinion polls published by Datafolha and Ibope which showed former president Lula increase his lead in the presidential race led investors into a panic. Over the week, the BRL fell almost 5% against the USD (more in the chart of the week). An even worse scenario was only avoided by a statement by the U.S. Federal Reserve, announcing a conservative approach to raise interest rates in the U.S.
  • São Paulo. João...

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