Economy · FinanceOngoing · 57
Brazil’s real plunges more than 8% and São Paulo stocks slump after Lula’s victory
MercoPress
Published 27 Oct 2026, 12:03 am·1 h ago·1 min read
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Brazil’s real lost more than 8% against the dollar and futures on the Ibovespa index plunged 15% on Monday, in the first session after President Luiz Inácio Lula da Silva’s victory in the election runoff, a result markets had not expected. The dollar opened up 8.64% at 5.42 reais.
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