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Brazilian Real Crashes on Rate Cuts, Doubts of Economic Recovery

The Brazilian real is sliding in the middle of the trading week as investors are casting doubts on the South American nation’s economic recovery. There have been signs of a recent rebound in business activity, but investors are still cautious about a dovish central bank, a resurgence in COVID-19 cases, and deteriorating relations between the US and China. Its booming commodities sector is one of the few parts of the economy that is keeping Brazil alive.

Brazilian Real Weakens Despite Rise in Foreign Direct Investment, Soybean Exports

The Brazilian real is weakening against the US dollar and several other major currency counterparts on Tuesday, despite positive domestic economic data. The real has rebounded since hitting a record low against the greenback in May, but jitters in global financial markets may be hitting the pause button on emerging market currencies.

Brazilian Real Extends Rebound Despite Economic Pressures, COVID-19

The Brazilian real is extending its rebound on Tuesday, despite a myriad of economic and fiscal pressures weighing on the South American country. The economy has been reeling as the nation has become a coronavirus hotspot, prompting the US government to impose a travel ban. But could the commodities-rich nation survive the pandemic?

Brazilian Real Continues Testing Record Lows, Fueling Rate Cut Expectations

The Brazilian real continues to test record lows against a myriad of G10 currencies, including the US dollar. With disappointing economic data, a decline in financial markets, and a political crisis unfolding, the real has become the worst-performing emerging market currency this year. Is more pain ahead for Brazil amid the coronavirus pandemic?

Brazilian Real Falls As Trump Threatens to Restore Tariffs

The Brazilian real is falling against multiple currency rivals as President Donald Trump threatened to restore tariffs on Brazil and Argentina goods, accusing the two countries of devaluing their currencies. But is this really about the two markets becoming go-to sources for China’s soybean needs? The Brazilian leadership attempted to quash concerns, noting that it plans to speak with the US administration.

Real Drops After Central Bank Cuts Interest Rate to Record Low

The Brazilian real dropped against the US dollar today after Brazil’s central bank cut its benchmark Selic rate to a record low yesterday.

Brazilian Real Gains on US Dollar After Services PMI Report

The Brazilian real gained on the US dollar today. And while the greenback was soft by itself, domestic macroeconomic data also helped Brazil’s currency.

Brazilian Real Gains on US Dollar Despite Deteriorating Industrial Production

The Brazilian real managed to gain on the US dollar today. That is despite the fact that Brazil’s industrial production continued to decline last month.

Brazilian Real Higher After Interest Rate Cut

The Brazilian real rallied against the US dollar today after the Federal Reserve released a dovish policy statement and Brazil’s central bank cut its key interest rate.

Brazilian Real Sinks as Political Scandal Emerges

The Brazilian real sank about 7% during the current trading session after allegations were made that the country’s President Michel Temer made an attempt to bribe a witness in a graft probe.

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