November 25, 2016 / 11:52 AM / 2 years ago

Brazil real slumps on potential Temer investigation

SAO PAULO, Nov 25 (Reuters) - The Brazilian real slumped in early Friday trading on concerns that a potential investigation into whether President Michel Temer pressured an ex-minister to allegedly favour a cabinet colleague’s property investment could derail a fiscal adjustment.

The real slipped as much as 2.2 percent to 3.4679 reais, the biggest intraday drop since a day after U.S. President-elect Donald Trump’s unexpected victory. It was by far the worst-performing currency in Latin America, with most of its peers slightly higher. (Reporting by Bruno Federowski; Editing by)

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