Brazil’s currency, the real BRBY, weakened early on Wednesday, the first trading day after President Dilma Rousseff’s chief of staff resigned in a political scandal over his personal wealth. [ID:nN07160555]
The real weakened 0.57 percent to bid at 1.585 per U.S. dollar. Analysts said the resignation of Antonio Palocci could erode Rousseff’s ability in the long term to push through key economic reforms, such as streamlining the cumbersome business tax code.
Globally, the dollar .DXY also strengthened against a basket of major currencies.