Brazilian Real Rallies as Polls Show Bolsonaro Ahead in Presidential Runoff

The Brazilian real strengthened against the dollar as first-round runoff polls showed Senator Flávio Bolsonaro leading President Lula, albeit within the margin of error. The move is amplified by a global risk-on tone from easing geopolitical tensions. Market implications hinge on the election outcome, with a Bolsonaro win potentially signaling fiscal policy shifts.