Brazil Real Volatility at Six-Month High After S&P Downgrades

Updated on
  • Rating Cut seen as wake-up call for nation's politicians
  • Currency is poised to end the tumultous week with a loss

El-Erian: Brazil Is Stuck in a Vicious Cycle

Brazil’s real volatility climbed to a six-month high as traders weighed whether Standard & Poor’s move to cut the nation’s credit rating to junk will prompt lawmakers to work with the government to shore up the budget.

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