| Brazil’s currency has continued its dramatic slide in value after it fell to an all-time low against the dollar on Tuesday, as traders take fright at growing political chaos in the Latin America’s largest economy.
A brief rally at Wednesday’s open quickly fizzled out with the real resuming its plunge, touching R$4.09 to the dollar by mid-morning, its lowest level since the currency was introduced in 1994. The real has lost over 70 per cent of its value in the last 12 months in response to interlocking political and economic crises gripping the country...............................................Full Article: Source
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