Brazil's Currency Is Surging After Pro-Business Presidential Candidate Makes The Runoff
Oct 6, 2014, 17:53 IST
The Brazilian real is surging after pro-business presidential candidate Aecio Neves earned enough votes in Brazil's presidential election on Sunday to force a runoff with incumbent Dilma Rousseff.
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In early trade on Monday, the real was up 3% against the dollar.
Over the last month, the real has fallen about 9% against the dollar as the Brazilian economy has flagged.
The runoff is set for October 26.
Here's the early surge in the real as trading opened this morning.
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