Brazil Real Advances as Temer Scores Victory in Senate Debate

Brazil’s real followed a rally in emerging markets and commodities after the government scored another win in the Senate, increasing confidence the new administration has enough support to shore up the country’s finances following last year’s credit-rating downgrade to junk.

The currency rose 0.7 percent to a two-week high of 3.3883 per dollar at 11:17 a.m. in Sao Paulo. A gauge of emerging-market currencies gained 0.4 percent as the U.K. entered the final day of campaigning before its referendum on European Union membership.

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