Brazil Stocks Jump 1.6% as Dollar Slips 0.6%
Brazil's main stock index closed at 208,296 and the dollar at 5.02 reais on Tuesday, as foreign inflows and a softer US dollar lifted the real. The post Brazil Stocks Jump 1.6% as Dollar Slips 0.6% appeared first on The Rio Times .
Brazilian stocks surged 1.57% on Tuesday 20 October 2026, reaching 208,295.98 points, while the US dollar slipped 0.58% to 5.019 reais. This marked the dollar's third consecutive daily decline against the real. The Ibovespa index closed at its highest level since 9 October, and the EWZ fund tracking Brazilian shares gained 2.4% to US$42.94.
The weaker dollar and favorable market conditions, including foreign investment and a lower oil price, contributed to the bullish sentiment. Predictive markets predicted a Flávio Bolsonaro victory at 81.2% and President Luiz Inácio Lula da Silva at 18.5%. The stronger real enhanced the value of Brazilian assets in US dollars, benefiting investors. However, the impact of the runoff on October 25th, between Bolsonaro and Lula, remains to be seen.
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