Brazilian Real Surges as Poll Shows Tightened Presidential Race

The Brazilian real strengthened sharply against the dollar after a Quaest poll indicated a tighter presidential race, reducing perceived political risk. The currency posted the second-best performance among 33 liquid currencies, with USD/BRL falling 0.91% to R$ 5.1085. The move reflects market pricing of a more competitive election outcome, though the sustainability depends on subsequent polls and campaign developments.