Dollar Surges 10% Post-Election; Banks Flag Overreaction, Congress as Counterweight
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In his first national broadcast since re-election, Brazilian President Lula reaffirmed commitment to fiscal balance and promised to govern for all while fighting organized crime. The address signals continuity of his economic policy and a focus on security, though specifics remain vague. This matters as it sets the tone for his fourth term starting January 5.
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