SSAs get real from currency in flux

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By Sharon Kits Kimathi
01 Jun 2017

The Brazilian real may have taken a hit amid corruption allegations about the country’s president, but it is still a hit for supranational issuers.

O’Globo published corruption claims about Brazilian president Michel Temer on May 17, putting economic reforms in jeopardy. The Brazilian Central Bank (BCB) cut the selic rate by one percentage point to 10.25% on Wednesday.

“If the reform passes, then the ...

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