Buy price
5.4954
5.4954
5.4895
Information regarding past performance is not a reliable indicator of future performance.
The Brazilian real closed down about 9% on 26 Oct after falling as much as 12% during the day, one of its steepest one-day drops in decades, following Lula's runoff win with 51.8%. The dollar rose from R$4.99 at Friday's close to a peak of R$5.605. Investors had priced a win for Flávio Bolsonaro, who was seen as more market-friendly.
Brazil's Ibovespa stock index closed down 13.9% after a 30-minute trading halt, and the Treasury cancelled its debt auctions for 27 to 29 Oct. The Selic rate is 13.75%, and fiscal policy is the main risk.
Levels for 26 to 30 Oct: Support 5.425 and 5.20. Resistance 5.605 and 5.80.
Next catalyst: Copom decision on 3 to 4 Nov and the government's first fiscal signals
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USD/BRL
USDBRL
5.4924
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