Brazil’s Real Plunges After Lula’s Surprise Election Win
Brazil’s real tumbled more than 10% against the US dollar to 5.60 per dollar, its weakest level since late May 2025, after left-wing President Luiz Inácio Lula da Silva unexpectedly defeated right-wing Senator Flávio Bolsonaro in a historic runoff to secure re-election. Bolsonaro, son of jailed former president Jair Bo