October 8, 2018 / 12:14 PM / 2 months 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)

Nuestros Estándares:Los principios Thomson Reuters
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