Brazilian Real Lowest in 5 Months: Daily

By Brennan Stark, Contributing Reporter

RIO DE JANEIRO, BRAZIL - The real fell for the third straight day, its lowest in five months, after the Central Bank's decision to slash the interest rate to twelve percent on August 31st. Fears that the global economy may suffer another recession tempered demands for higher-yielding assets, further causing the real to depreciate 0.3 percent to 1.6452 per U.S. dollar on Monday.

Marcelo Fonseca, an economist with M. Safra & . . .

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