Brazilian stocks and the Brazilian real rose Wednesday after the country’s senate voted to remove President Dilma Rousseff from office, ending a protracted battle for control of the country. After rising earlier in the session, the dollar slipped against the Brazilian real on the news. The greenback was down 0.3% at 3.23 real in recent trade. Meanwhile, Brazilian stocks trimmed an early decline. The iShares MSCI Brazil Capped ETF remained down 1.8% at $33.18. Shares of the ETF traded at $33.78 the day before. Vice President Michel Temer will now finish out the remainder of Rousseff’s term, which ends in 2018.
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