Ibovespa Posts World’s Biggest Quarterly Drop as Currency Slumps

Ibovespa Posts World’s Biggest Quarterly Drop as Currency Slumps

Dado Galdieri/Bloomberg

The real depreciated 1 percent to 2.2201 per dollar, extending the quarterly decline to 9 percent, the most among 24 major emerging markets, on concern government attempts to placate street protesters will widen Brazil’s budget deficit.