IBOV 176,608.23 ▼ 13.88% IPSA 10,575.59 ▼ 1.59% IPC MEX 69,647.80 ▼ 0.33% MERVAL 3,017,221 — — COLCAP 2,505.04 ▼ 1.38% BVL PERÚ 57,093.72 ▲ 0.04% USD/BRL5.39▲ 8.30% USD/MXN18.55▼ 0.63% USD/CLP988.95▼ 0.65% USD/COP3,128▼ 0.10% USD/PEN3.44▼ 0.19% USD/ARS1,541▲ 0.74% USD/UYU40.08▼ 0.01% USD/PYG5,735▼ 0.44% USD/BOB11.82▲ 0.34% USD/DOP60.10▼ 1.67% USD/CRC450.04▼ 0.53% USD/GTQ7.64▼ 0.07% USD/HNL26.87▲ 0.02% USD/NIO36.62— 0.00% USD/VES885.08▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.73▲ 0.20% EUR/BRL6.04▲ 7.54% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 176,608.23 ▼ 13.88% IPSA 10,575.59 ▼ 1.59% IPC MEX 69,647.80 ▼ 0.33% MERVAL 3,017,221 — — COLCAP 2,505.04 ▼ 1.38% BVL PERÚ 57,093.72 ▲ 0.04% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Monday, October 26, 2026

Milei Accuses Lula of Undermining His Argentine Campaign

By · October 4, 2023 · 2 min read

Javier Milei, a minarchist presidential candidate in Argentina, accuses Brazil’s leftist President Lula of hampering his campaign.

Milei expressed this on social media, saying, “Freedom advances!”

He responded to a news report claiming Lula influenced Argentina’s $1 billion loan.

This move would benefit Alberto Fernández, Argentina’s President, and his endorsed candidate, Sergio Massa.

Brazil Election Data Room
Runoff poll average: Flávio Bolsonaro 51.0%, Lula 49.0%
45 national polls from 21 pollsters since 4 October, updated hourly. Every poll, free to download.
Open the Data Room · Download the CSV · Embed the chart

This isn’t Milei’s first critique of Lula. In an interview with The Economist, he labeled Lula as having ‘totalitarian tendencies.’

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Lula re-elected in Brazil with 51.8% of valid votes”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

He also dismissed the idea of dialoguing with left-wing Latin American leaders like Chile’s Gabriel Boric.

Javier Milei is 52 and a university professor. He won 30.4% of the votes in Argentina’s primary election.

Milei Accuses Lula of Undermining His Argentine Campaign.
Milei Accuses Lula of Undermining His Argentine Campaign.
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

His political stance is libertarian and leans right, focusing on economic freedom. Milei suggests shutting down Argentina’s Central Bank and adopting the U.S. dollar.

He opposes state interference and champions free-market principles.

He commits to significantly reducing public expenses and holds a divergent perspective on the topic of human-induced global warming.

Milei also supports the concept of voluntary education and organ sales.

Background

Milei’s stance resonates with a growing conservative wave in Argentina. This contrasts with the historically prevalent leftist ideologies in the country.

The public’s response to Milei could indicate a significant political shift.

Similarly, in Brazil, right-wing figures have also gained traction. This could suggest a broader ideological pivot in Latin America.

However, the recent election of Gabriel Boric in Chile, a leftist, shows the landscape remains diverse.

Globally, polarized politics isn’t unique to Latin America. The U.S. and Europe have seen comparable trends.

As in Argentina, right-wing movements are often fueled by concerns over economic stability.

While Milei challenges Lula’s influence, other nations may watch closely. Lula’s actions can impact international relations, given Brazil’s prominence.

Milei’s own views, if turned into policy, could alter Argentina’s position in global markets.

Milei’s and Lula’s campaigns reflect wider debates on governance models.

These debates are national and resonate internationally, as they tackle issues like economic policy and freedom.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.