PoliticsNotableConfirmedDeveloping
7.1
Brazil's Lula expands Bolsa Familia ahead of tight elections, fiscal concerns rise
La RepúblicaLO·BR·about 12 hours ago
The Brazilian real strengthened slightly as falling oil prices reduced global risk aversion and interest rate pressures. Domestic caution persists ahead of elections, with the Lula government announcing a Bolsa Família adjustment. Deterioration in the dollar swap market raises expectations of possible Central Bank intervention.