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.
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.
![real](https://static-ssl.businessinsider.com/image/5432890369bedd9a24d2a561-800-329/screen shot 2014-10-06 at 8.19.00 am-1.png)
Bloomberg