segunda-feira, 22 de junho de 2015

Brazilian Real Leads Gains as Business Leaders Stand Behind Levy

The real led major currency advances as Brazilian business leaders affirmed support for Finance Minister Joaquim Levy in his effort to reduce budget deficits and preserve the nation’s credit rating.
Brazil is moving in the right direction with Levy in the finance post, Itau Unibanco Holding SA board member Fabio Barbosa said Tuesday during an event at Bloomberg’s office in Sao Paulo. 

The vote of confidence from the private sector comes at a critical time as President Dilma Rousseff considers vetoing a measure to increase pension benefits while a reversal of tax breaks for some industries awaits a vote in the lower house.

“Levy has been taking the heat from politicians, and it is good that support for him comes from the market,” Reginaldo Siaca, a foreign-exchange manager at TOV Corretora de Cambio in Sao Paulo, said in a telephone interview

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