By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – On a seemingly calm day in the financial market, the U.S. dollar depreciated against the Brazilian real to its lowest value in more than nineteen months falling below R$3.10/US$1. The depreciation was influenced by both foreign and domestic news.
The U.S. dollar closed Tuesday, February 14th at R$3.096/US$1, down by 0.45 percent, its lowest value since July of 2015.
On the domestic front Brazil’s Central Bank (BC) decision to sell US$300 million in traditional currency swap contracts . . .