We are just 6 days from the presidential election runoff in Brazil and all the polls suggest a decisive Bolsonaro win. Jair Bolsonaro has risen on anticorruption campaign and has been seen as market friendly by the markets. His strong result in the first round caused a rally in Brazilian equities, had the real surging and caused a spike in coffee and sugar prices along the way. Bovespa (BRAComp), up 1.1% today, is just below the key resistance zone of 88000 points while the USDBRL is fighting with a support of 3.70.
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