RIO DE JANEIRO, BRAZIL - The Federal Reserve Bank's decision to print money was taken to counter the economic recession effects triggered by the covid-19 pandemic. In parallel, the interest rate was lowered and is now close to zero.
When this happens, the country tends to become "less attractive" to foreign investors, who tend to look for other markets with higher returns on their capital. As a result, the dollar lost value against the main global currencies.
But not against the Real.
In fact, the Brazilian currency has proved to be an exception, following a path contrary to the . . .