Economics
Brazil Real Falls Second Day as Emerging-Market Currencies Drop
- Real posting its longest losing streak in three weeks
- Implied volatility increases on political uncertainty
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The real dropped for a second day, its first back-to-back loss in three weeks, as emerging-market currencies fell worldwide on renewed concern that global economic growth is faltering.
The real weakened 1.5 percent to 3.6796 per dollar. One-month implied volatility for the currency, a measure of anticipated swings, rose 1.45 percentage points to a five-month high of 27 percent.