October 8, 2018 / 12:14 PM / 8 days ago

Brazil currency soars on strong first-round vote for Bolsonaro

BRASILIA, Oct 8 (Reuters) - The Brazilian currency opened sharply stronger on Monday after far-right presidential candidate Jair Bolsonaro racked up a huge lead in a first-round vote, boosting investor hopes that he will tackle tough reforms to reduce a growing fiscal deficit.

Brazil’s currency, the real, gained 3.2 percent in opening trade to 3.74 per U.S. dollar, while yields on interest rate futures fell sharply. (Reporting by Bruno Federowski)

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