The Brazilian Real climbed against the U.S. dollar in early New York trading on Wednesday, as the latter weakened across the board on diminishing hopes for an imminent rate hike by the Federal Reserve.

Early in the day, the Brazilian Senate voted to take additional steps in the impeachment process of suspended President Dilma Rousseff for breaking budget laws.

The Brazilian Real advanced to 3.1131 against the greenback, its strongest since June 2015. This marks a 1.5 percent increase from yesterday's closing value of 3.1605. The Brazilian Real may locate resistance around the 3.00 mark.

US Dollar vs BRL (FX:USDBRL)
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