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

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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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This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a Market Analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam

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