Brazilian Real Depreciates 2.2% as Assets Fall on Political Uncertainty Wednesday

GateNews

Brazilian assets fell on Wednesday amid political uncertainty following a report linking right-wing presidential candidate Flavio Bolsonaro to Daniel Vorcaro, a former imprisoned owner of the liquidated Master Bank. The real depreciated 2.2% to 5 BRL per USD, marking its worst single day in nearly two months among Latin American currencies. The country’s stock market declined 1.8%, dragged down by Petrobras, which fell 2.6%.

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