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Tag: us dollar brazilian real exchange rate

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 Maria Lopez Conde, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Brazilian real continued its downward spiral this week, closing at R$2.1734 on Monday, its lowest value since May 2009. As Brazilian industries start anticipating some positive short-term...
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 Anna Kaiser, Contributing Reporter RIO DE JANEIRO, BRAZIL - While the U.S. Dollar reached its highest value so far this year last Friday, May 24th, the Brazilian Real has lost financial worth, following a period of consistently increasing against...
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