Real Routed Again As Brazilian Election Odds Reprice

08-23-2018 • https://www.zerohedge.com by Tyler Durdan

Since crashing through BofA's "crisis indicator" 4.00 level, the Brazilian Real has gone into freefall, topping 4.09/USD today as markets continue to reprice to new leftist-victory election odds, and the central bank remains cornered on the sidelines