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Brazil’s Real Weakens on Talk of New Spending to Boost Lula

Markets

Martha Viotti Beck, Simone Iglesias, Leda Alvim

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May 15, 2025

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Bloomberg

The prospect of a government funded aid package designed to help boost the sagging popularity of Brazil President Luiz Inacio Lula da Silva sent the currency reeling on fears any extra spending would weigh on the country’s fiscal deficit.

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