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Tag: Brazilian Real vs. U.S. Dollar

By Maria Lopez Conde, Senior Contributing Reporter SÃO PAULO, BRAZIL – Foreign fixed income investments in Brazil reached US$4.91 billion in the month of June, following the government’s decision to zero the IOF tax. That is more than the...
By Anna Kaiser, Contributing Reporter RIO DE JANEIRO, BRAZIL - The Brazilian government announced yesterday that it will zero the IOF tax (Tax on Financial Transactions), in an effort to protect the weakening real in response to the strengthening dollar....
By Brennan Stark, Contributing Reporter RIO DE JANEIRO, BRAZIL - The dollar gained 2.71 percent against a quickly weakening real Monday, leaving it with its largest appreciation since May 6th, 2010, when it rose 2.84 percent. The dollar is...
By Brennan Stark, Contributing Reporter RIO DE JANEIRO, BRAZIL - The U.S. dollar rose 1.78 percent against the Brazilian real according to Monday's closing figures. The rise effectively leaves the dollar worth just over R$1.70, its highest level since December...
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