PoliticsNotableConfirmedDeveloping
7.1
Brazil's Lula expands Bolsa Familia ahead of tight elections, fiscal concerns rise
La RepúblicaLO·BR·about 9 hours ago
The Brazilian real strengthened slightly as falling oil prices reduced global risk aversion and interest rate pressures. Domestic caution persists ahead of elections, with the Lula government announcing a Bolsa Família adjustment. Deterioration in the dollar swap market raises expectations of possible Central Bank intervention.