EMERGING MARKETS-Brazil's real up in volatile trade; other Latam currencies gain
Published on: Monday 14 November 2022
Brazil's real, which dropped 5% last week, swung between gains and losses and was last up 0.4%. Lula's push to secure higher social spending in 2023 has alarmed investors who worry that the leftist will run a fiscally loose administration. A media report said Lula's transition team will weigh a more conservative alternative to finance next year's social outlays.
