Brazilian President’s Trial Underway but Impeachment Is ‘a Done Deal’

Nine months since impeachment proceedings began for Brazilian President Dilma Rousseff, the last stage of the process is finally underway.

The country’s senate began a trial on Thursday, which is expected to last until next week. Rousseff herself will appear in-person on Monday and senators will then take a final vote, either on August 30 or 31, on whether she should be impeached.

The trial is set to confirm what Brazil-watchers have long anticipated: the country’s first female head of state will be forced from office, and current Vice President Michel Temer will take her place.

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.