Brazil Real Declines as Rousseff Faces Political Cahllenges

The real slid 0.9 percent to 3.2172 per dollar at 9:58 a.m. in Sao Paulo, the weakest level on a closing basis since July 9. Swap rates, a gauge of projected changes in Brazil’s borrowing costs, fell 0.01 percentage point to 12.88 percent on the contract maturing in January 2018.

Read More