Brazil real slumps on potential Temer investigation

SAO PAULO: 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 US 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.

Copyright Reuters, 2016