USD/BRL on the move in expectation of government change

CME registers record in BRL futures volume and open interest positions

leveille
Craig LeVeille, CME Group

The Brazilian currency market has been shaken up by the prospect of political change in the country's forthcoming presidential elections on October 5, with forecasters at odds as to the value of the real should candidate Marina Silva be elected, and follow through with her policies of a free-floating exchange rate and an independent central bank.

Silva, who is currently leading the opinion polls, is up against incumbent president Dilma Rousseff, who has come under fire over Brazil's poor

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