Brazil’s Real Falls as Shock Senate Vote Fuels Fiscal Woes
- Senate overturned a presidential veto on additional spending
- Final decision to be taken by lower house on Thursday
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The world’s worst and most volatile currency is again at the mercy of public accounts.
Brazil’s real fell as much as 2.1% on Thursday, leading declines among major currencies, after the Senate unexpectedly overturned a presidential veto, opening the floodgates for increases in public servant wages.