Brazilian Real: Election shock raises losses against US Dollar - SocGen Societe Generale strategists highlight Brazil’s election surprise, with Lula securing a fourth term and triggering expectations of sharp Brazilian Real (BRL) losses. They see unwinding of long BRL posi
Brazilian Real: Election shock raises losses against US Dollar – SocGen Societe Generale strategists highlight Brazil’s election surprise, with Lula securing a fourth term and triggering expectations of sharp Brazilian Real (BRL) losses.
They see unwinding of long BRL positions and stress key resistance levels around 5.20–5.31 for
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