Tag: Real currency

Friday, September 21st 2018 - 08:42 UTC
Brazil stocks lower but the Real currency recovered against the US dollar

Brazil stocks were lower after the close on Thursday, as losses in the real estate, industrial and financial sectors sectors led shares lower. At the close in Sao Paulo, the Bovespa index lost 0.01%.
Friday, August 10th 2018 - 06:51 UTC
Brazil and Argentina markets hit by domestic and overseas uncertainties

Major Latin American currencies fell against the dollar on Thursday as global trade tensions strengthened the greenback and political uncertainty in Brazil and Argentina. Latin America's largest economy heads into a presidential election in two months time and in Argentina a major corruption scandal is unfolding.
Tuesday, January 31st 2017 - 21:03 UTC
Brazilian government is “meeting its budget deficit”, says minister Meirelles

Brazil's central government registered a primary budget deficit of 154.255 billion reais (US$49.40 billion) in 2016, meeting its target but recording a third consecutive annual deficit that reflects the dire state of the country's finances. In December, the country posted a primary deficit of 60.124 billion reais (US$19.25 billion).
Monday, August 15th 2016 - 07:19 UTC
Brazil concerned about the 25% surge of the Real against the US dollar

The Brazilian Real weakened further on Friday after interim President Michel Temer showed concern over currency strength, while stocks edged lower following a heavy batch of quarterly results including state controlled oil company Petrobras.
Tuesday, May 10th 2016 - 06:56 UTC
Brazil's political adrift situation shocks markets but is a plum day for speculators

Brazilian markets weakened on Monday after the acting lower house speaker in Brazil's Congress annulled an impeachment vote, though losses were pared as investors bet the move would delay rather than prevent leftist President Dilma Rousseff's removal from office.
Friday, March 18th 2016 - 03:12 UTC
Brazilian markets surge on prospects Rousseff will be removed

Brazilian share prices surged on Thursday to close 6.6% higher, a seven-year record, after fresh setbacks to populist President Dilma Rousseff raised the prospect of her being driven from power.
Friday, November 6th 2015 - 09:26 UTC
Brazil central bank moves 4.5% inflation target timeframe to 2017

The Brazilian central bank will take the necessary measures to bring inflation back to the 4.5% target in 2017, bank director Altamir Lopes, said on Thursday. It is the first time the bank has given a timeframe for reaching the center of its official target range after it dropped its outlook to meet this goal late 2016 due to a weaker Brazilian currency.
Wednesday, September 23rd 2015 - 07:05 UTC
Brazil's currency falls to its weakest level against the US dollar, 4.06 Reais

Brazil's currency fell to its weakest level ever as investors cast a wary eye on negotiations over spending bills that could further complicate the country's tenuous fiscal position. The currency, like others across Latin America, was also hammered by a global rise in the dollar sparked by increased expectations that the US Federal Reserve is still on track to raise interest rates this year.
Friday, July 24th 2015 - 10:39 UTC
Brazilian currency and markets drop on latest fiscal savings goals

Brazil's currency, the Real, tumbled on Thursday after the government announced it would slash its fiscal savings goals for this year and next, raising investor fears that the country may lose its investment-grade credit rating.
Saturday, May 16th 2015 - 07:46 UTC
Levy tries to convince investors in London that Brazil slowdown is temporary

Brazilian Finance Minister Joaquim Levy said he expected the country’s economic slowdown to be temporary and that fiscal discipline remained central to ensuring the recovery as a commodity price boom waned. Addressing investors in London, Levy said fiscal discipline was needed to cushion the economy against the inflationary effects of the falling Real currency.