Emerging-market currencies rallied to a three-month high as Brazil’s real surged on bets support is growing for the impeachment of President Dilma Rousseff and on speculation better-than-expected U.S. jobs data will underpin demand from the world’s biggest economy.
The real headed for its best week since 2008 and Petroleo Brasileiro SA jumped 12 percent after the arrest of the former president fueled speculation support will grow to remove Rousseff. Indonesia’s rupiah strengthened for a 12th day and currencies in Colombia and Chile gained at least 0.9 percent. Indian stocks capped the largest weekly increase in four years as Finance Minister Arun Jaitley pledged to keep next year’s budget deficit within 3.5 percent of gross domestic product. Russian bonds rallied to a 2014 high.
Brazil Energy Insight 
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