By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – The Brazilian real devaluated again on Thursday against the U.S. dollar, with the North American currency registering an appreciation of 1.21 percent during the day and closing at R$4.20/US$1, the highest level since the creation of the Real Plan in 1994.

The highest foreign exchange rate before Thursday had been in January of 2016, when Brazil’s real closed at R$4.16/US$1.

Despite the depreciation of the local currency, Brazil’s Finance Minister said the government will not take additional measures . . .

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