Effects of Brazil Real Fall Against Dollar

By Maria Lopez Conde, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The Brazilian real continued its downward spiral this week, closing at R$2.1734 on Monday, its lowest value since May 2009. As Brazilian industries start anticipating some positive short-term effects of a stronger dollar on the economy, consumers are going to feel the decreased purchasing power.

Brazilian commodity producers, according to Neil Shearing, chief emerging markets economist at the London-based research firm, Subscribe to our Premium Membership Plan. Already Subscribed?