Brazil’s Real Rises Ahead of Congressional Vote on Fiscal Target

Paula Sambo, Bloomberg, 11/24/2015

Brazil’s real rose ahead of planned vote in congress for the fiscal target and as the central bank stepped up support for the currency.
The real climbed 0.4 percent to 3.717 per U.S. dollar at 11:29 a.m. in Sao Paulo. The government is working to gather support among lawmakers to guarantee approval of a change to this year’s fiscal target and next year’s budget guidelines ahead of a vote that could happen as early as Tuesday, Valor Economico reported. The chances of approval have improved, the newspaper said.

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