Brazil’s Real Plummets as Presidential Campaigns Start
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The U.S. dollar continued above the R$4/US$1 level this...
August 22, 2018Topic
foreign exchange
Brazilian Real Plummets to a 26-Month Low Against the US Dollar
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The Brazilian real took another dive on Thursday against...
June 8, 2018
U.S. Dollar Closes at Highest Rate in Almost Two Years
Domestic political uncertainties coupled with international volatility led the Brazilian real to plunge to R$3.50/US$1 on Wednesday afternoon.
April 26, 2018
U.S. Dollar Closes at Highest Rate Since June in Brazil
Current political turbulence led the US currency to close near R$3.50/US$1 and the Bovespa to register its steepest decline in...
December 2, 2016
Brazilian Tourists Spend 62 Percent Less Abroad in January
With the depreciating currency and new tax, foreign expenses by Brazilians traveling abroad decreased their spending by 62 percent.
February 24, 2016
Record Number of Companies in Brazil Seek Bankruptcy Protection
The economic recession, increasing costs of credit and appreciation of the U.S. dollar in 2015 levied financial burdens on companies.
February 12, 2016 Brazil’s Real Plunges to Lowest Rate Since its Creation
The Central Bank’s decision to maintain the country’s benchmark interest rate as well as volatility in foreign markets contributed to...
January 22, 2016
Brazil’s GDP Growth Rate May Contract by 2.44 Percent in 2015
The country’s industrial production is also expected to decline more than in the previous forecasts.
September 8, 2015
Brazilian Real Falls to R$3.688 to the Dollar, Lowest Since 2002
Market operators are expecting a volatile day on Wednesday as the dollar opened already 1.24 percent higher than Tuesday’s closing,...
September 2, 2015