RIO DE JANEIRO, BRAZIL - Brazil has become a riskier country for foreign investment in recent weeks, moving away from other emerging countries. If the economic crisis triggered by the novel coronavirus pandemic is true for everyone, the political turmoil, much more intense here, has raised concerns over the economic rebound and Brazil's fiscal accounts.
As a result, the country risk has increased much more in Brazil than in other regions, and the Brazilian Real is the currency depreciating the most against the US dollar among the main emerging economies. With the trend for real interest rates to become negative . . .