- “My conscience is clear," she tells lawmakers turned judges. "I did not commit a crime.” She says the impeachment process has worsened the country's recession, and calls interim President Michel Temer a "usurper." Brazil, she says, would not have elected someone who picked a Cabinet of all white men in a country more than 50% non-white, she adds.
- The Senate votes on Rousseff's fate either tomorrow or Wednesday. Meanwhile, there's plenty of economic news coming this week, including Q2 GDP, August wholesale inflation, and government budget numbers. The central bank meets Wednesday and is expected to hold its benchmark rate steady at 14.25%.
- The Brazilian real (NYSEARCA:BZF) continues to move higher, up 0.6% today and 22% for the year. The Bovespa is up 1.8% this session.
- ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ