Brazil's currency is falling against the U.S. dollar, continuing a slide fueled by uncertainty ahead of presidential elections.
The real fell below $0.25 on Tuesday. It has lost about 20 percent of its value against the American currency in the past year. The last time it was so weak against the dollar was in early 2016.
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Part of the slide can be attributed to the dollar's strength against many currencies. But Brazil's economy has also struggled to bounce back from a protracted recession, and it's unclear who will win the October presidential election.
A poll released Monday showed far-right Congressman Jair Bolsonaro maintaining his lead if former President Luiz Inacio da Silva is barred from the race, as expected. Investors tend to prefer a center-right candidate, former Gov. Geraldo Alckmin.