Brazilian Real Gains 4% on Bolsonaro Election Lead, Commerzbank Warns of Parliamentary Limits

Commerzbank··BR·Read original
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Summary · why it matters

The Brazilian Real strengthened about 4% as USD/BRL fell from 5.2 to 5 on F. Bolsonaro's election lead, according to Commerzbank's Norman Liebke. Liebke cautioned that despite gains by Partido Liberal and other conservatives, Bolsonaro would still lack outright majorities and remain reliant on alliances.

Impact on assets 2

Financials▲
Commerzbank AG
CBK
± MixedMonetaryrelevance

Commerzbank's Liebke is cited analyzing the Real's move and warning Bolsonaro would lack outright majorities, but no impact on Commerzbank itself is stated.

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