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Brazilian Real: Narrowing polls support BRL against US Dollar– ING

Brazilian Real: Narrowing polls support BRL against US Dollar– ING

ING’s Chris Turner notes USD/BRL is drifting towards 5.05/5.07 as election polls show challenger Flavio Bolsonaro overtaking President Lula in a run-off, with prediction markets still favoring Lula but by a shrinking margin.

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