Brazil’s Real Leads Global Currency Gains as Rollovers Increased
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Brazil’s real rose the most among major global currencies as an effort to bolster it overshadowed concern that the nation will struggle to recover from a recession as President Dilma Rousseff picks up support in polls.
The currency strengthened 1.2 percent to 2.3833 per U.S. dollar in Sao Paulo today, the biggest gain among 31 counterparts tracked by Bloomberg. The real has still dropped 6.2 percent in September, which would be the biggest monthly decline since May 2013.