Brazilian Real Edges Lower Ahead of Presidential Runoff

2026-10-23 15:36 By Isabela Couto 1 min. read

The Brazilian real edged lower to around 5.045 per US dollar ahead of the presidential runoff, amid uncertainty surrounding the election.

A Datafolha poll showed Senator Flávio Bolsonaro and President Lula tied at 50% each of valid votes.

Earlier polls also indicated a statistical tie, with Bolsonaro’s lead narrowing compared with previous surveys.

Some market participants believe a Flávio Bolsonaro administration would be more likely to rein in public spending, although neither the candidate nor his economic advisers have outlined concrete fiscal adjustments.

Meanwhile, Brazil’s mid-month inflation rate reached 4.62% in October, below market expectations of 4.74%.



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