Tag: Brazilian Real

Wednesday, December 18th 2024 - 22:17 UTC
US dollar soars in Brazil amid fiscal uncertainty

Amid uncertainty stemming from President Luiz Inácio Lula da Silva's planned measures, the US dollar soared Wednesday against the Brazilian real, hitting a new record of R$ 6.26 = US$ 1 while the stock market fell above 3%, also driven by the 0.25 percentage point interests cut by the US Federal Reserve (Fed).
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Friday, March 6th 2020 - 11:00 UTC
“If I mess up”, the US dollar could reach 5 Real, admits Brazil's minister Guedes

Brazil’s economy minister blamed the Real’s slide to an all-time low on the coronavirus outbreak and said the currency could weaken to as much as 5 per dollar if he “messes up.” Paulo Guedes said the Real is weakening largely due to the economic impact of the epidemic, rather than a change in the country’s risk perception.
Friday, March 6th 2020 - 08:48 UTC
Latin American currencies weakened on Thursday's; Brazil Real slides to a record low

Latin American stocks and currencies weakened on Thursday, with Brazil's real slipping to yet another record low, as the rapid spread of the coronavirus sapped risk appetite and investors worried about the scale of the economic fallout.
Friday, February 14th 2020 - 08:47 UTC
Brazil's Real among the worst performing currencies this year, shrinks 8%

Brazil’s currency fell below 4.35 reais per dollar for the first time this week, as weaker-than-expected retail sales figures gave renewed impetus to the selling that has picked up notable momentum in recent days.
Friday, January 31st 2020 - 08:25 UTC
Coronavirus and current account deficit hit the Brazilian Real against the dollar

Brazil’s currency the Real hit a two-month low against the dollar on Thursday, slumping to within sight of its record low under a wave of global risk aversion on fears over the coronavirus outbreak and its diminishing yield appeal.
Wednesday, September 12th 2018 - 08:30 UTC
Brazilian equities and currency slump on Tuesday on latest opinion polls

Brazilian equities and currencies slumped on Tuesday after an opinion poll on the presidential election showed leftist candidates gaining ground while market-friendly centrists did not.
Wednesday, September 5th 2018 - 06:28 UTC
Brazil's Real remained flat on Tuesday but the stock market was down 2%

The Brazilian Real erased early losses on Tuesday after state prosecutors charged Workers Party vice presidential candidate Fernando Haddad with corruption, driving investors to pare bets on his electoral strength.
Tuesday, September 4th 2018 - 08:41 UTC
Brazil's Real and Argentina's Peso slumped on Monday

The Brazilian Real slumped on Monday as mounting concerns over this year's presidential election added to global risk aversion, while the Argentine peso extended a recent sell-off that also spread into stock markets in Latin America.
Friday, August 24th 2018 - 08:24 UTC
Brazilian currency sliding to record lows ahead of October's election outcome

The Brazilian currency Real fell to a 31-month low versus the U.S. dollar on Thursday on jitters ahead of the country’s October election. Jitters across emerging markets caused by a stronger U.S. dollar and exacerbated by the unfolding currency crisis in Turkey already took a toll on the Brazilian unit before this week.
Tuesday, August 21st 2018 - 08:32 UTC
Brazilian Real loses ground to the dollar following the latest opinion poll

The Brazilian real led losses among Latin American currencies on Monday after an opinion poll showed the market's preferred candidate in October's presidential elections lagging far behind his rivals. The Real was down 0.76% and 15.98% in the eight months of the year.