Brazilian Real Falls to 10-Month Low After Lula Election Win
The real fell to a 10-month low against the dollar after Luiz Inacio Lula da Silva won Brazil’s presidential runoff against Flavio Bolsonaro. The body is truncated after noting markets had largely expected a Bolsonaro victory.
The Brazilian real slumps to a 10-month low against the dollar after President Luiz Inacio Lula da Silva's surprise victory Sunday in the country's presidential election runoff. Lula won against Flavio Bolsonaro, who was expected to deliver fiscal consolidation. "Markets had largely expected a Bols…