Goldman Sachs: Lula won Brazil runoff, defying polls and prediction markets; USD/BRL stabilizes around 5.40

Goldman Sachs says President Luiz Inácio Lula da Silva won Brazil's presidential runoff, defying polls and prediction markets. Brazilian assets reacted sharply, reflecting an increase in the fiscal risk premium priced into the real, with USD/BRL stabilizing around 5.40.

Detected & updated continuously · Source: Nebula