Domestic and Foreign Issues Pressure Brazilian Real, Markets

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL - The Brazilian real continued to depreciate in relation to the U.S. dollar on Monday morning as investors wait for Federal Reserve Governor Lael Brainard to indicate whether or not the Fed will increase U.S. interest rates next week.

The nervousness of investors led the São Paulo stock market to register the highest daily decline in three months on Friday (-3.7 percent) and the U.S. currency to register theSubscribe to our Premium Membership Plan. Already Subscribed?