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Latin America Pulse: Brazil Runoff, Peso Moves

Brazil holds a presidential runoff on Sunday, 25 October, between President Luiz Inácio Lula da Silva and Senator Flávio Bolsonaro, and an Alfa Inteligência poll shows a near tie with Flávio at 49.9% and Lula at 46%, within a 1.9-point margin of error. Traders on Polymarket and Kalshi, who bet real money, give Flávio about a 78% chance of winning. Brazil's Ibovespa index rose 0.47% to 205,083 points and the real strengthened to 4.97 per US dollar, while Argentine bank shares jumped about 5% in New York. Chile's peso weakened 0.9% to 995 per US dollar. Colombia's peso gained 0.3% to 3,187 as Brent crude rose above US$116 a barrel.

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Original headline: Latin America Pulse : Brazil Runoff , Peso Moves

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