Brazilian Real: Election shock keeps assets under pressure – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad describes a brutal election shock for Brazilian assets, with USD/BRL spiking before stabilizing and local equities and bonds plunging. He argues President Lula’s tolerance for higher debt may weigh on Brazilian markets, but notes conservative legislative constraints and Brazil’s attractive carry and commodity exposure as structural supports for the…
We haven't written up this one. FXStreet has the full story — the link below goes straight to it.
