Brazil’s Real Plunges to Lowest Rate Since its Creation

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The Brazilian real was shaken once again on Thursday in relation to the U.S. dollar with Central Bank’s decision to maintain the country’s benchmark interest rate on Wednesday night at 14.25 percent. The currency closed down at its lowest rate since the creation of the real in 1994 at R$4.166/US$1.

According to market analysts, in addition to the Central Bank’s decision

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?