Brazilian Real Drops to Record Low Against U.S. Dollar

Updated on
  • Bond risk rising, five-year CDS at highest level since 2008
  • Ibovespa leads losses in Americas, extends four-day drop

What Does Real Currency Decline Signal to Brazil?

Brazil’s real fell to its lowest level since its introduction two decades ago and stocks fell on concern that President Dilma Rousseff will fail to shore up the country’s budget and avoid further credit-rating cuts.

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