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Fundamental Analysis Posted 49 min ago

Brazilian election tightens; real vulnerable to Bolsonaro swing

News
President Lula's lead over Flavio Bolsonaro is narrowing ahead of October's first-round vote, with polls tightening significantly. A further shift toward Bolsonaro could support BRL on deregulation and fiscal consolidation expectations, while peso strength below 17/USD may not hold. BRL/USD and USD/MXN traders should monitor polling momentum as a political risk factor.
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