This is proof that the financial markets were also surprised by the massive mobilization of the Brazilian left
The Brazilian real fell by more than 10% against the greenback, to 5.5750 reals per dollar, this Monday, October 26 around 2:30 p.m.
Pierre-Louis Crescitz
au brésil, bourse, sao paulo, lula, ibovespa, réélection, effondre, brésil
Key facts
The Brazilian real fell by more than 10% against the greenback, to 5.5750 reals per dollar, this Monday, October 26 around 2:30 p.m.
This is proof that the financial markets were also surprised by the massive mobilization of the Brazilian left.
Industrialists, and the majority of banks, had bet on the confirmation of the first round vote and the election of the eldest son of the former…
The Brazilian real fell by more than 10% against the greenback, to 5.5750 reals per dollar, this Monday, October 26 around 2:30 p.m.
This is proof that the financial markets were also surprised by the massive mobilization of the Brazilian left.
Industrialists, and the majority of banks, had bet on the confirmation of the first round vote and the election of the eldest son of the former far-right president.
During Lula's third term, public spending increased to enable the country to cope with the global economic crisis.
The country's debt amounts to 70% of GDP and the country requires a little rigorous treatment.