Brazilian Real Plunges as Lula's Surprise Win Sparks Emerging-Market Selloff

Name: Brazilian Real Plunges as Lula's Surprise Win Sparks Emerging-Market Selloff
Uploaded: 2026-10-27T02:02:17.405211+00:00
Description: Brazilian President Luiz Inácio Lula da Silva's narrow reelection triggered the real's sharpest one-day drop in decades on Oct. 26, 2026, sending shockwaves through emerging-market currencies. The Philippine peso hit a record low while Indonesia's rupiah weakened to a three-month low.

Brazilian President Luiz Inácio Lula da Silva's narrow reelection triggered the real's sharpest one-day drop in decades on Oct. 26, 2026, sending shockwaves through emerging-market currencies. The Philippine peso hit a record low while Indonesia's rupiah weakened to a three-month low.

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