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08 Sept 2026 · 16:49 GMT+3

Brazilian Real: Election risks keep pressure on BRL against US Dollar – TD Securities

TD Securities highlights that BRL faces elevated election-related risks, with USD/BRL having tested its 200-day SMA resistance over the past month. Drawing parallels with 2014, the bank sees risks skewed toward higher USD/BRL as markets remain concerned about Brazil’s fiscal outlook.

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