Ibovespa dollar-denominated plunges 21%, fifth-largest drop on record after election
Published 1 d ago8 sourcesEvidence: Reported
Following the election, Brazil's Ibovespa has fallen nearly 17% this week, entering oversold territory, while dollar futures have risen over 8%, diverging from historical averages. The market is seeking a floor amid political uncertainty, with the dollar's upward trajectory still in question. This reflects investor risk aversion and potential policy concerns.
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