Brazil's real hits record low as markets eye govt spending
Dec 18, 2024 · Brazil's real tumbled by the most in over two years to a fresh record low on Wednesday and stocks were also under pressure as financial markets put the Brazilian government's spending...
Real drops to weakest level since 1994 as Lula ... - Associated Press News
Dec 18, 2024 · Brazil’s real has fallen to its weakest level against the dollar since the currency was introduced in 1994, undercut by investors’ frustration with President Luiz Inácio Lula da Silva's efforts to rein in government spending.
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Brazil Real Caps 21% Yearly Rout Despite Central Bank Push
Dec 30, 2024 · (Bloomberg) -- Brazilian assets finished the year lagging all major peers, with the real posting its biggest slump since the pandemic shock of 2020 amid mounting skepticism over President Luiz...
USD/BRL: Brazilian Real, Stocks and Bonds Plummet as Panic …
Dec 17, 2024 · Brazil is running an annual budget gap of 10% — far wider than the ones seen during the leftist president’s first administration. His recent emergency brain surgery came at the worst possible...
Brazil's Real Seen More Stable; to Trade Close to 6 Per U.S ... - U.S. News
1 day ago · Reuters. FILE PHOTO: Brazilian Real and U.S. dollar notes are pictured at a currency exchange office in Rio de Janeiro, Brazil, in this September 10, 2015 photo illustration.
Brazilian real loses ground following government announcement
Nov 29, 2024 · The outcome was another round of deterioration for the Brazilian real, the stock market, and futures interest rates. The exchange rate per U.S. dollar closed the day up 1.3%, trading at R$5.9891. At its peak, the currency surpassed R$6 for the first time ever.
Brazilian real hits all-time low as investors doubt cost-savings plan
Nov 28, 2024 · Brazil’s currency dropped to a record low on Thursday as a government promise to find R$70bn (US$12bn) in cost savings over the next two years failed to calm investors’ nerves over the public...
Brazilian real slump pressures Lula to take action on spending
Nov 6, 2024 · After weeks of the currency declining, president Luiz Inácio Lula da Silva’s administration on Monday confirmed it would soon unveil long-anticipated measures to curb expenditure.
(USD BRL) Brazil’s Real Drops to All-Time Low as Spending Cuts …
Nov 28, 2024 · Bloomberg’s Leda Alvim reports from Rio de Janeiro. The Brazilian real dropped to a record low and stocks slumped the most since early 2023 as a proposal to cut some $12 billion in public...