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By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The foreign exchange market in Brazil closed down on the first business day of the new year, with the US dollar appreciating against the Brazilian real by 2.17 percent. The...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - In June 2011 the U.S. dollar sank against the Brazilian real to its lowest point in recent memory, it was US$1 to R$1.55. Now, a week after surpassing US$1...
By Brennan Stark, Contributing Reporter RIO DE JANEIRO, BRAZIL - Following the recent retreat of the United States’ AAA credit rating and amidst sharp fears of a recession, São Paulo based stock index Bovespa’s sank so low by Monday, August...
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