No menu items!

Market Plunges in Brazil, Dollar Surges Amidst Political Turmoil

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The U.S. dollar surged by 7.9 percent against the Brazilian real, as the country’s main stock market plummeted 8.8 percent on Thursday with the aftermath of the secret recordings showing that President Michel Temer approved of pay-off to a convicted politician for his silence.

The U.S. dollar closed at R$3.38/US$1, registering on Thursday the highest . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Check out our other content