Business · Markets · 7 hrs ago

Brazilian real closes below 5 per dollar before presidential runoff

Brazilian real closes below 5 per dollar before presidential runoff

Brazil’s financial markets ended higher on Friday, the last trading day before the country’s presidential election runoff.

The US dollar fell 0.90% to 4.993 reais at the close.

The Ibovespa, Brazil’s main stock index, rose 0.47% to 205,083 points.

The runoff is scheduled for Sunday, October 25.

These figures show how the currency and stock market ended the session just before voters choose a president.

The next major event is the presidential runoff on Sunday.

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