Economy
Ibovespa traded flat and US dollar rose in final session before runoff
Financial markets adopted a cautious stance and sought hedging amid a technical tie in presidential polls and rising oil prices internationally.
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The essentials of this story
- What happened
- The Brazilian financial market records stability in the stock exchange and a rise in the US dollar on the last business day before the presidential vote.
- Who is affected
- Investors, market traders, and voters monitoring the economic repercussions of the election.
- What changes
- Electoral caution increases the demand for financial protection and keeps assets fluctuating while awaiting the ballot results.
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