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via fxstreet.comEconomy

Brazilian Real: election-driven gains and risks, says Commerzbank

FROM THE WIRE · FXSTREET.COM

Commerzbank’s Norman Liebke notes that the Brazilian Real strengthened after Flavio Bolsonaro’s lead in the first election round, with USD/BRL dropping from 5.2 to 5.0.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe real strengthened after the first election round, a relevant theme for the USD exchange rate.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Commerzbank notes the Brazilian real strengthened after the first election round.
  2. 02Flavio Bolsonaro led in the first round.
  3. 03USD/BRL fell from 5.2 to 5.0.

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