Brazil’s real led global declines as data showing weakness in the nation’s top trading partner added to concern a recession in Latin America’s largest economy will drag on.
The real slid 2.3 percent to 4.0431 per dollar at 9:51 a.m. in Sao Paulo, on course for the weakest close in three months. The decline was the steepest among emerging-market currencies tracked by Bloomberg. One-month implied volatility in the real rose to 24.87 percent, the highest since October.
The Caixin factory index for China was 48.2 in December, showing that manufacturing weakened for a fifth month, the longest such streak since 2009. The weak data contributed to a selloff that halted equity trading in Shanghai.
Brazil Energy Insight 
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