Brazilian Real Plunges Up to 12% as Lula Wins Fourth Term in Runoff Shock

Name: Brazilian Real Plunges Up to 12% as Lula Wins Fourth Term in Runoff Shock
Uploaded: 2026-10-27T09:02:30.122848+00:00
Description: The Brazilian real tumbled as much as 11-12% in early trading on Oct. 26, 2026, before paring losses to about 8.1-8.5%, after Luiz Inacio Lula da Silva won Brazil's presidential runoff. The Ibovespa equity index suffered its worst session since March 2020 as investors repriced fiscal and reform risks.

The Brazilian real tumbled as much as 11-12% in early trading on Oct. 26, 2026, before paring losses to about 8.1-8.5%, after Luiz Inacio Lula da Silva won Brazil's presidential runoff. The Ibovespa equity index suffered its worst session since March 2020 as investors repriced fiscal and reform risks.

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