Brazilian real
The Brazilian real was described as rallying sharply after Flavio Bolsonaro outperformed President Lula in the first round of Brazil’s presidential election, with reports putting the move at nearly 5% or over 4% against the US dollar 45. Robin Brooks argued that a Lula-related risk premium is being removed and that the currency is converging toward his long-standing fair value of 4.50 reais per dollar 13. He also attributed further upside potential to post-COVID capital that left Brazil but did not return, with Bolsonaro potentially catalysing inflows 2.
From the window to Oct 8, 05:30 ET — this window's take is still to be written.
Where the voices land
Nobody took a position this week.
Mentions
2 this weekStories it travels in
i
The stories
- ○ a voice, on the left
- ◌ a voice raising half of these
- ● a subject, on the right, under its story
- ⌒ a line is a voice raising a subject — thicker, more items; colour is the story
The stories this entity travels in: on the right, each story with the subjects seen alongside it; on the left, the voices that raised them, and a line for every subject a voice raised, bundled by story. Tap a voice to light everything it raises, a subject for who raised it, a story for its own lines. The crumb goes back.
Who brings it up
- Robin Brooks 2 mentions
See what your own voices say about Brazilian real, every morning.
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