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Election Angst Fuels Bruising Week in Brazil Markets

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Election Angst Fuels Bruising Week in Brazil Markets Brazilian assets posted some of the biggest losses in the world this week amid growing angst over the October presidential election. The real fell every session this week, down almost 3%, while the index tracking emerging-market currencies climbed 0.3% as most peers gained versus the dollar. The Ibovespa stock benchmark gauge has dropped 4% since Monday, one of the steepest declines among 92 major global equity indexes tracked by Bloomberg.

Election Angst Fuels Bruising Week in Brazil Markets Brazilian assets posted some of the biggest losses in the world this week amid growing angst over the October presidential election. The real fell every session this week, down almost 3%, while the index tracking emerging-market currencies climbed 0.3% as most peers gained versus the dollar. The Ibovespa stock benchmark gauge has dropped 4% since Monday, one of the steepest declines among 92 major global equity indexes tracked by Bloomberg.
Brazil Markets Election Angst Fuels Bruising (ORG) Brazil Markets Brazilian (ORG) Ibovespa (ORG) Bloomberg (ORG)
Originally published by Bloomberg Markets Read original →