Brazilian Real Climbs on Speculation Rousseff Will Lose Election

Brazil’s real advanced the most among major currencies on speculation President Dilma Rousseff will lose her re-election bid after the national soccer team’s World Cup rout last week amid a stalled economy.

The real climbed 0.3 percent to 2.2143 per U.S. dollar at 3:05 p.m. in Sao Paulo, the biggest increase among 16 major currencies tracked by Bloomberg. Swap rates, a gauge of expectations for interest-rate moves, declined four basis points, or 0.04 percentage point, to 11.42 percent on the contract maturing in January 2017 as economists surveyed by the central bank lowered their outlook for growth.