Brazil Real Weakens as Volatility Rises to Highest Since 2011

Updated on
  • Policy makers say they have tools to curtail instability
  • Real pared losses after new swap auction was announced Friday

Brazil’s real fell for a sixth day in seven sessions on Friday, capping a tumultuous week of trading that sent volatility to the highest level in almost four years amid concern that President Dilma Rousseff will fail to shore up the country’s budget.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.