Brazilian Real Set to Plunge After Lula’s Re-election Win
The Brazilian real is expected to fall by more than 10% on Monday, while equities are also expected to tumble following President Luiz Inácio Lula da Silva’s narrow re-election victory over Senator Flávio Bolsonaro in Sunday’s runoff election. With nearly all ballots counted, Lula secured 51.8% of the valid vote, while