Brazil Real Surges on Speculation Support for Rousseff Eroding
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Brazil’s real rose the most in emerging markets on speculation an MDA poll commissioned by the National Transport Confederation due tomorrow will show reduced support for President Dilma Rousseff.
The real climbed 0.9 percent to 2.2235 per U.S. dollar today in Sao Paulo, the biggest increase among 24 developing-nation currencies tracked by Bloomberg. Swap rates on contracts due in January 2020 increased five basis points, or 0.05 percentage point, to 12.50 percent.