Brazil's real sinks in spot trading after Lula's reelection

‌Brazil's ​real weakened 12.2% ‌against the US dollar in ‌spot trading early ‌on Monday, falling to ⁠5.60 ​per ⁠greenback, after leftist ⁠President Luiz Inacio Lula ​da Silva defeated ⁠right-wing Senator ⁠Flavio Bolsonaro ​in a runoff ⁠vote to win ⁠reelection.