EconomyBrazil’s real tumbles after Lula’s re-election victory
The Brazilian real fell 12 percent against the dollar after Luiz Inacio Lula da Silva unexpectedly won re-election. Bovespa shares also plunged, triggering a 30-minute trading halt. Investors are concerned about higher spending and fiscal pressures, and will watch Lula’s choice of finance minister for clues about his approach.
AAl Jazeera★★★☆☆2026-10-26 18:27Original
Brazil’s real tumbles after Lula’s re-election victory
Economy