Brazil Real Currency Falls to Lowest in Over 10 Years to U.S. Dollar

By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL - The week ended with the continued fall of the Brazilian currency, the real, as the commercial dollar closed on Friday (March 7th) at R$3.056/US$1. Just the day before, the real fell to the level of R$3/US$1, which was lowest since August 2004.

During the week, the U.S. dollar appreciated by 7.02 percent against the real, and since the beginning of the year, cumulative growth reached 14.96 percent. Earlier on Friday, the trend was boosted by the release of the employment report . . .

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