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Lula, Bolsonaro try to woo poor voters as Brazil race tightens

Bloomberg Brazil’s Luiz Inacio Lula da Silva and incumbent Jair Bolsonaro campaigned across the northeast of the country on Thursday, with both candidates trying to shore up support among the poor amid signs the presidential race is tightening ahead of the October 30 runoff. Lula, 76, said at an event in the city of Aracaju, capital of Sergipe state, that ...

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Asia spent $50bn to defend its currencies from US dollar

  Bloomberg Asian governments spent about $50 billion in foreign-exchange reserves last month — the highest level since March 2020 — to defend their currencies from a relentless advance in the US dollar. Exante Data Inc., a firm that specialises in tracking global capital flows, estimates emerging Asian nations excluding China spent nearly $30 billion with dollar sales in the ...

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Japanese yen slumps to three-decade low

  Bloomberg The yen fell to its lowest level in more than 30 years in the aftermath the hotter-than-expected US inflation report, before reversing the move in a whiplash trade that raised market chatter of potential intervention. The Japanese currency falls to 147.67 per dollar, the weakest since August 1990, before bouncing back in choppy trading. It fluctuated around the ...

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