Brazil Real Leads World Losses on Speculation Levy to Be Ousted
- Valor Economico reported Rousseff agreed to replace minister
- Official says president resisting pressure from politicians
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Brazil’s real led world losses after a newspaper said that President Dilma Rousseff has been persuaded to replace Finance Minister Joaquim Levy. A government official denied the report.
The wire service of Valor Economico newspaper reported that Rousseff has not yet decided on a replacement for Levy, and there is no set date for his exit. Later, a government official with knowledge of the discussions said the president doesn’t plan to remove Levy and hasn’t been persuaded to appoint former central bank chief Henrique Meirelles to the top economic job.