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Brazilian Real: Lula reelection risks and carry support – BBH

Trade Hub UK briefing (2026-10-26): Brown Brothers Harriman’s (BBH) Elias Haddad assesses Brazilian assets following President Lula’s surprise reelection. Haddad expects short-term downside for… Primary source: original at FXStreet (fxstreet.com).

By FXStreet

Brazilian Real: Lula reelection risks and carry support – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad assesses Brazilian assets following President Lula’s surprise reelection. Haddad expects short-term downside for the Brazilian Real (BRL) as markets unwind the prior Bolsonaro-driven rally and react to rising public debt. However, Haddad highlights legisl

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Source: FXStreet