Brazilian Real Rallies as Rousseff Insists Levy Is Staying
- Currency tumbled Friday on speculation minister would resign
- Lawyers plan to file new impeachment request, newspaper says
Brazil's Economy Is Under Pressure
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Brazil’s real advanced the most among major currencies after President Dilma Rousseff reassured investors that Finance Minister Joaquim Levy will stay in his post and that they share policy goals.
Rousseff made the comments in response to an interview that Rui Falcao, president of her Workers’ Party, gave to Folha de S. Paulo. He told the newspaper that Brazil needs to increase consumer and business financing and that the minister should leave if he doesn’t agree.