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Brazil’s Real Rises to R$3.80 to the Dollar in 3-Month High

By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Despite the news yesterday that the Brazilian economy ended 2015 with the biggest GDP drop in 25 years the financial market saw a surge. The Brazilian real currency closed at the highest value in three months, R$3.802 to the U.S. dollar.

The dollar ended Thursday (March 3rd) selling at R$3.802/US$1, down R$0.086 (-2.2 percent). The price is the highest since December 10th (R$3.801). The strongest of the day, around 3:30 PM, the dollar was being sold at R . . .

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