Brazil's real rises with Emerging Market commodity push

The Brazilian real gained on the dollar as emerging markets rallied with commodity push.

The real strengthened 0.9 per cent to 3.5020 to the dollar as metals and crude commodities rallied.

The currency relief is due to renewed optimism that a new political administration, following the ousting of Dilma Rousseff, which would revive the economy and cut the budget deficit.

Michel Temer assumed the presidency after a recent Senate vote prompted Rousseff to leave her position.

Read more at Bloomberg.