Volatility in Brazil’s real climbed to a four-month high as domestic political turmoil and a global selloff in emerging-market assets whipsawed traders.
The currency reversed earlier gains and fell to a 12-year low. While data released Wednesday showed a bigger-than-forecast increase in manufacturing last month, a majority of judges on an electoral court voted to open hearings into allegations President Dilma Rousseff’s campaign was illegally financed before the case was temporarily suspended.
Brazil Energy Insight 
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