Brazil Real Falls 1.3% Amid Bolsonaro Scandal

Brazilian real fell 1.3% against the US dollar on Wednesday, the steepest drop among emerging market currencies.
The decline followed a report by The Intercept’s Brazilian site linking presidential candidate Flavio Bolsonaro to Daniel Vorcaro, ex‑CEO of Banco Master.
Banco Master had previously been involved in a scandal, intensifying market concerns over political risk and banking governance.