Societe Generale flags election and fiscal risks for Brazilian real

Societe Generale··BR·Read original
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Summary · why it matters

Societe Generale's Dev Ashish has flagged growing election and fiscal risks weighing on Brazilian assets. The Brazilian real has underperformed in Latin America, with USD/BRL nearing its 200-day moving average at 5.2042 and the Bovespa breaking below its long-term average.

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