| 04.12.2008 - Brazil Real plunges to 8-week low |
| From Bloomberg: Brazil’s real sank to an eight-week low as falling commodity exports and mounting speculation the central bank will cut interest rates sparked capital flight. The real fell 3.6 percent to 2.4975 per dollar at 3:21 p.m. New York time, after earlier touching 2.5115, the weakest since Oct. 8. It has tumbled 7.7 percent this week, the biggest decliner in the world after the Zimbabwean dollar, and 38 percent from a nine-year high reached on Aug. 1..... Full Article: Source |