Brazil Real Declines on Political Outlook; Ibovespa Erases Gains

  • Real’s one-week implied volatility surges to month-high
  • Folha de S.Paulo reports some of Temer’s supporters may desert

Can Temer Revive Growth in Brazil?

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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