Apr 12th, 2016
Brazil Real Gains on Rousseff Impending Impeachment
Brazil’s real advanced the most among major currencies to the strongest level in seven months as Congress prepared for key votes on the ouster of President Dilma Rousseff. Brazil’s currency, the most volatile in emerging markets as traders try to gauge the outlook for a complicated impeachment effort, gained 2.8 percent to 3.4925 per dollar in Sao Paulo, the biggest advance among 16 major currencies tracked by Bloomberg. Societe Generale’s Kokou Agbo-Bloua discusses with Bloomberg’s Manus Cranny on “Countdown.”







