Brazilian Real Rises on Speculation Rousseff Will Reassure Levy
- Finance minister seen regaining influence amid budget discord
- Currency had fallen to 12-year low on concern he was exiting
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Brazil’s real climbed from a 12-year low as speculation eased that Finance Minister Joaquim Levy was preparing to leave his post amid budget turmoil.
The currency rose for the first time in five days on bets that President Dilma Rousseff will reassure Levy at a meeting Thursday afternoon that she supports his efforts to shore up finances and avoid a junk credit rating. While Levy is canceling his trip to the Group of 20 meeting in Turkey, he will probably stick with plans to visit Madrid and Paris.