Brazil’s real advanced amid increasing speculation that an impeachment of President Dilma Rousseff is closer, offsetting an intervention by the central bank that signaled it may be seeking to put a damper on the currency’s recent rally.

The real added 1 percent, to 3.5844 per dollar at 3:58 p.m. in Sao Paulo, reaching the strongest in almost seven months, after dropping as much as 0.9 percent earlier. The currency has surged 11 percent this year, the most among its most-traded counterparts. A index of 20 emerging-market currencies rose 0.3 percent, halting a two-day decline.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

 

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2022 ALM Global, LLC. All Rights Reserved.