The Brazilian currency Real fell to a 31-month low versus the U.S. dollar on Thursday on jitters ahead of the country’s October election. Jitters across emerging markets caused by a stronger U.S. dollar and exacerbated by the unfolding currency crisis in Turkey already took a toll on the Brazilian unit before this week.
The popularity of imprisoned former Brazilian president Lula da Silva has grown strongly despite his corruption conviction, an election poll on Wednesday showed, a result that rattled markets and raised the possibility that Lula’s running mate could ultimately become the next occupant of the country’s presidential palace.
Far-right presidential candidate Jair Bolsonaro is the clear frontrunner in Brazil’s election in October with up to 25% of voter support, followed by center-left populist Ciro Gomes with 12%, a new poll revealed on Tuesday.
The most likely political heir to jailed former President Lula da Silva insists the leftist leader is still the Workers Party’s candidate for the October elections, but he is preparing to step into the role. Fernando Haddad told the Brazilian media that he was talking with other left-wing parties about forging a united leftist front for the elections if Lula is barred from running by a corruption conviction.
Petrobras corruption investigation keeps gobbling Brazilian president Dilma Rousseff former cabinet members, but also political figures from other leading political parties. On Wednesday the Supreme Court authorized formal investigations into Rousseff’s former chief-of-staff, as well as the mayor of the country’s largest city and an opposition senator, for potential corruption.
The electoral magic of former Brazilian president Lula da Silva did it again: the country’s major financial and industrial hub, the city of Sao Paulo only a few weeks ago was turning its back on the ruling Workers party at the municipal elections, but is now to his feet probably with a landslide victory.
Brazilian president Dilma Rousseff joined her mentor Lula da Silva in a political rally in support of the Workers Party candidate for mayor of the city of Sao Paulo in next Sunday’s municipal elections when 140 million Brazilians are registered to vote.
Brazil's former President Lula da Silva admitted during a television interview that he will be presidential candidate in the 2014 elections if current Head of State Dilma Rousseff does not run for re-election.