Brazilian Real’s Volatility Near Three-Month High Amid Turmoil
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The Brazilian real’s volatility is near the highest since May amid concern political turmoil will make it impossible for President Dilma Rousseff to pare deficits and avoid a junk credit rating.
Swings between losses and gains in the past week added to the risk for investors wanting to take advantage of the highest interest rates among the biggest economies. The real led gains among 16 major currencies Monday after the central bank boosted support for the local tender last week and said that a 12-year low wasn’t justified.