The Brazilian real is expected to weaken against the U.S. dollar over the coming months owing to domestic political uncertainties, with the USD/BRL seen rising to 4.30 by the end of this year, according to the latest research report from Commerzbank.
In Brazil’s Presidential elections right-wing Jair Bolsonaro stands a good chance of winning the run-off on October 28. According to the latest polls he will obtain more than 50 percent of the vote and is thus 15 percentage points ahead of his rival Fernando Haddad of the Worker’s Party.
From the point of view of the financial markets this is good news as in a choice between Haddad and Bolsonaro, Bolsonaro seems the lesser evil in view of the ailing national finances.
After the elections it will have to be seen what exactly Bolsonaro is planning to do and to what extent his economic advisor Paulo Guedes, on whom the hopes of the financial markets for a reform-orientated policy approach rest, will actually be able to influence Bolsonaro’s approach, the report added.


Asian Stocks Mixed in March 2026 Amid Iran War Fears and Tech Selloff
U.S. Stocks Surge on Iran War De-escalation Hopes
Japan Business Sentiment Rises as Iran War Fuels Inflation Fears, BOJ Rate Hike Looms
Oil Prices Surge Over $5 as Trump Vows to Continue Iran Strikes
Gold Prices Rebound in Asia Amid Iran War Ceasefire Hopes
RBC Capital: European Medtech Firms Show Minimal Middle East and Energy Risk Exposure
Trump's Claim That the U.S. Can Cover Global Jet Fuel Shortfall Doesn't Add Up
Gulf War Ceasefire Hopes Weigh on Dollar Ahead of Trump Address
FxWirePro: Daily Commodity Tracker - 21st March, 2022
Oil Prices Surge to Record Monthly Highs as Middle East War Rattles Global Markets 



