In this week’s issue: The most important facts of the week. Electoral Justice system bars Lula from presidential election. Brazil’s lackluster GDP growth rates.
The week in review
- Exchange rate. The Brazilian Real climbed 1.78% against the U.S. Dollar, which closed Friday at BRL 4.072. Over the week, the BRL gained 0.78% – however, the currency dropped 8.46% over the month of August, the biggest drop since September 2015. Investors fear a return of the left-wing to power. Fernando Haddad – the future Workers’ Party candidate for president – has quietly met with investment firms to tame fears.
- Online campaigning. Left-wing militants have come forward to accuse the Workers’ Party of paying up to BRL 2,500 for posting favorable tweets – which is not illegal according to electoral regulations. Congressman Leonardo Quintão, from the Brazilian Democratic Movement party in Minas Gerais, had a similar app and paid up to BRL 9,000. Electoral prosecutors have opened an investigation – and candidates that benefited from the illegal strategy can be fined up to BRL 30,000.
- Pesticides. Federal prosecutors have opened negotiations with sanitary agency Anvisa and the Ministry of