The Brazilian real remained below 5.80 per USD, halting its rebound as disappointing domestic economic data and policy uncertainty rekindled fiscal concerns.
Brazil's currency, the real, on Tuesday sank to a new record low against the US dollar as investor worries persisted about the government's
THE BRAZILIAN real holds an ignominious title this year: it is the worst-performing major currency, down by more than 20% to a record low of
Brazil's real on Wednesday fell to its weakest level against the dollar since the currency was introduced in 1994, undercut by investors' frustration.
Brazil's real on Wednesday fell to its weakest level against the dollar since the currency was introduced in 1994, undercut by investors
Brazilian real fell against U.S. dollar after opening 1% higher; Fiscal concerns intensified market pessimism; C.bank raised rates by 100 bps