Braziliain real

Continuing Selling Pressure on Brazilian Currency

September 24, 2015

Having punched through the four per dollar threshold for the first time just two days ago, the battered Brazilian real sank to as low as 4.1795 earlier today.  This 36% year-to-date decline on top of a 12+% slide in 2014 has intensified since S&P downgraded Brazil’s credit rating to junk status earlier this month. The […] More