Brazil Real Posts World's Biggest Drop as Budget Outlook Worsens

Updated on
  • BTG Pactual denies allegations it bribed lawmaker Cunha
  • One-month implied volatility rises to highest since October

Brazil’s real dropped the most among major currencies as allegations that Grupo BTG Pactual SA bribed a prominent lawmaker threatened to sidetrack President Dilma Rousseff’s economic agenda.

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