Brazilian Real Declines to 2013 Low on Bernanke Stimulus Signal
This article is for subscribers only.
Brazil’s real fell to its lowest level this year as Federal Reserve Chairman Ben S. Bernanke signaled the U.S. central bank may taper a stimulus program that has buoyed emerging-market assets.
The currency depreciated 0.5 percent to 2.0496 per dollar in Sao Paulo, the weakest level on a closing basis since Dec.