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Brazilian Real, Bovespa Recuperating After Central Bank Intervention
Tuesday, September 8, 2015 - 4:50pm | 332Read More...Last week was particularly turbulent for Brazil: the real lost 6.7 percent, while the Sao Paulo Stock Exchange fell roughly 1.4 percent. Year-to-date, the currency is down more than 30 percent, mainly driven by concerns over the Fed rate hike and the sluggishness in the Chinese economy. Both...
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Brazilian Real Hits Its Lowest Point Since 2002; Rousseff Assures Fiscal Deficit Is 'Temporary'
Wednesday, September 2, 2015 - 4:14pm | 333Read More...The Brazilian real continues to plummet. After losing 1.752 percent on Wednesday, the currency hit its lowest point since 2002. A real is now 0.2658 U.S. dollars, and 1 U.S. dollar equates to 3.7598 reals. The Sao Paulo Stock Exchange, which fell considerably on Tuesday, was up 1.95 percent on...
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The Brazilian Bovespa And Real Tumbled In A Day Filled With Bad News
Tuesday, September 1, 2015 - 5:04pm | 267Read More...Brazil's Sao Paulo Stock Exchange fell 2.43 percent on Tuesday to 45,494.7 Bovespa index points, following a bunch of bad economic news, including the presentation before the Congress of a budget for 2016 that anticipates a primary deficit, before paying debt, of 0.5 percent of the GDP. The...
