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Lula, Bolsonaro Tied as Bank Scandal Weighs on Both Campaigns

Source: Bloomberg

Elections & Domestic PoliticsBanking & LiquidityEmerging MarketsInvestor Sentiment & Positioning

A new poll shows President Luiz Inácio Lula da Silva and right-wing challenger Flávio Bolsonaro tied ahead of Brazil's October election. The fallout from a major bank scandal appears to be damaging both campaigns, increasing political uncertainty for Brazil's markets and policy outlook.

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