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Brazil Real Leads World Gains on Impeachment Vote as Stocks Fall

  • Currency is the most volatile in emerging markets amid turmoil
  • Estado says lawmaker support for impeachment is growing
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Dilma Rouseff's Impeachment Moves Forward

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Brazil’s real advanced the most among major currencies to the strongest level in seven months as Congress prepared for key votes on the ouster of President Dilma Rousseff. Stocks fell.

Brazil’s currency, the most volatile in emerging markets as traders try to gauge the outlook for a complicated impeachment effort, gained 2.8 percent to 3.4925 per dollar in Sao Paulo, the biggest advance among 16 major currencies tracked by Bloomberg. That was also the strongest level since August. The Ibovespa slipped 0.3 percent to 50,165.47 as planemaker Embraer SA and brewer Ambev SA slumped.