Brazil’s real led global losses amid concern mounting political tension will make it harder for President Dilma Rousseff to trim budget deficits and maintain the nation’s credit rating.
The currency fell the most in a week as Eduardo Cunha, the head of the lower house, broke with the ruling coalition after a state’s witness accused him of corruption. The administration suffered a series of defeats in Congress over the past month as lawmakers frustrated efforts to contain spending and raise taxes, helping to push the real lower.
Brazil Energy Insight 
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