Print Edition - 2018-05-17  |  Money Digest

Brazil’s currency continues to plunge further


May 17, 2018-

Brazil’s currency is falling again against the dollar amid uncertainty over this year’s elections in Latin America’s largest economy. Brazil’s real was trading around $0.27 on Tuesday—its lowest price in more than two years. The Brazilian currency has fallen about 10 percent against the dollar this year. The slide is partially due to the strength of the dollar, which has been gaining against several currencies. But the fall also stems from concerns about Brazil. Brazil’s economy has started to grow again after a protracted recession, but investors are concerned about the future. The country will elect a new president in October, and many are worried that the next leader could halt or reverse economic reforms. (AP)

Published: 17-05-2018 08:04

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