Brazil asset manager sees Lula avoiding fiscal adjustment, dollar below R$6

Alfredo Menezes of Armor Capital argues that despite market fears, Brazil will avoid a full fiscal adjustment under a re-elected Lula, and the dollar will not reach R$6. He notes that past crises were averted as the government ultimately 'does its homework,' while he plans to allocate capital abroad. The statement reflects investor sentiment on Brazilian fiscal policy and currency outlook, but is an opinion, not a confirmed development.