RIO DE JANEIRO, BRAZIL - Central Bank President Roberto Campos Neto, acknowledged on Monday, June 1st, that Brazil was the country that "suffered most" with the exchange rate depreciation in the crisis caused by the novel coronavirus. "We had improvement in the last week," he added, during a virtual public hearing in Congress. In the wake of the crisis, Brazil has already recorded a 33.66 percent rise in the dollar against the real in 2020.
Campos Neto also pointed out that market agents believe that in the crisis, "the developed world is better equipped to fight the crisis than emerging . . .