The real is declining on allegations that investment bank Grupo BTG Pactual SA bribed a politician, Bloomberg reports.
The real declined 1.1% to 3.889 per dollar at 4:55 p.m. in Sao Paulo, according to Bloomberg.
"The rising political risk trims the carry positions as it is simply too risky to stay in real-denominated assets right now," Ipek Ozkardeskaya, an analyst at London Capital Group, told Bloomberg.
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