Tag: Currency

RIO DE JANEIRO, BRAZIL - Brazil’s central bank intervened in the spot foreign exchange market on Thursday, February 25th, for the first time this year, selling US$1.5 billion in two auctions as the real slumped to its weakest against...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - The U.S. dollar opened this morning (Wednesday, July 4th) with a slight increase of 0.17 percent, selling at R$3.9019/US$1, among the strongest exchanges to the Brazilian real since March 2016,...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The Brazilian real took another dive on Thursday against the U.S. dollar, with the North American currency registering an appreciation of 2.3 percent during the day and closing at...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The volatility of the U.S. dollar is not only affecting American residents, but also Brazilians and expats who plan to travel abroad during the end-of-year holidays. With the U.S. Presidential...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - Financial institutions consulted by the Central Bank (BC) of Brazil reported that the projected growth of the Brazilian economy in 2017 increased from 1.1 percent to 1.2 percent. The...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - Yesterday (Wednesday, May 11th) in anticipation of the Brazilian senate's vote to continue with the impeachment process of President Dilma Rousseff, the Brazilian real currency closed stronger to the U.S....
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The day after Brazil’s Chamber of Deputies authorized the continuation of the impeachment process of President Dilma Rousseff, by the country’s Senate, economic analysts try to forecast how the country’s...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - After a sharp fall on Monday (April 11th), the U.S. dollar closed below R$3.50 for the first time in eight months. The Brazilian real (BRL) has been rallying against the...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - Many foreign investors are looking at Brazil as an interesting option again, between the high interest rates and weaker currency. After reaching an all time high for direct foreign...

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