Brazilian markets plunge post-election: Ibovespa down 17%, dollar futures up 8%
Published 1 d ago6 sourcesEvidence: Unknown
Foreign investors made a record $6.84 billion purchase of dollar-linked assets on Brazil's B3 exchange following the election, surpassing the April 2025 record set during the US-China trade war. The surge suggests heightened demand for dollar hedging amid political uncertainty, though the specific election outcome and its market implications remain unclear.
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