Brazil Real Gains as Fed Speech Offsets Protests Against Temer

  • Fed Governor Brainard expressed prudence on rising rates
  • Thousands gathered in Sao Paulo to chant ‘Temer Out’

The Slow Unraveling of Brazil, Explained in Two Minutes

Brazil’s currency advanced after a U.S. Federal Reserve Governor played down the case for tightening monetary policy, offsetting local political concerns after protests against President Michel Temer.

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