Brazil Real Declines on Political Outlook; Ibovespa Erases GainsBy and
Real’s one-week implied volatility surges to month-high
Folha de S.Paulo reports some of Temer’s supporters may desert
Brazil’s real declined, with stocks erasing gains by the end of the day, as the approval of a bill designed to shore up government finances was tarnished by a report that key supporters of Acting President Michel Temer may abandon his coalition.
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