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MercoPress, en Español

Montevideo, November 24th 2024 - 01:22 UTC

Tag: rate hike

  • Friday, September 28th 2018 - 08:58 UTC

    Brazilian currency strengthens below 4 to the dollar: first time in five weeks

    The Real closed at 3.99 to the US dollar just two weeks after hitting a record low of almost 4.2 to the dollar -- it's lost around 17% since the start of the year

    The Brazilian currency dipped under four Real to the dollar for the first time in five weeks at close on Thursday as the markets reacted favorably to the emergence of two clear presidential election frontrunners. The Real closed at 3.99 to the US dollar just two weeks after hitting a record low of almost 4.2 to the dollar -- it's lost around 17% since the start of the year.