Brazil FX Hedges Rise as Bolsonaro Upends Election Optimism
Brazilian traders are increasingly hedging against a drop in the real after former President Jair Bolsonaro backed his son in next year’s election, instead of supporting investors’ favorite Tarcisio de...
By Felipe Saturnino, Josue Leonel · Bloomberg Markets
Brazilian traders are increasingly hedging against a drop in the real after former President Jair Bolsonaro backed his son in next year’s election, instead of supporting investors’ favorite Tarcisio de Freitas.