Brazil's president Jair Bolsonaro reportedly tests positive for COVID-19, USD/BRL spikes toward 5.40
|Several Brazilian news sources, including one affiliated with CNN, has reported that Brazil's president Jair Bolsonaro has tested positive for coronavirus. He undertook the probe late on Monday after feeling unwell and reporting high temperature of 38 degrees.
Bolsonaro was previously tested but the cancelation of all public appearances suggests he is ill.
USD/BRL spiked toward 5.40 before slipping back down. Investors prefer the business-friendly leader over several of his left-leaning predecessors. On the other hand, Bolsonaro has severely mishandled the crisis with South America's largest country suffering one of the highest number of cases and deaths from coronavirus in the world. Bolsonaro played down the disease and was seen coughing in public. Calls to impeach him have risen.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.