Brazil's Real plunged more than 10% against the US dollar following President Lula da Silva's victory over Flávio Bolsonaro in the presidential election. The sharp currency sell-off reflects market concerns over potential shifts in fiscal and monetary policy under a renewed Lula administration. The double-digit decline marks one of the steepest single-session drops for the Real, signaling heightened volatility across Brazilian assets as traders reassess exposure to Latin America's largest economy.