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Brazilian Real Hits Historic Low: What It Means And Where It's Headed

Petroleo Brasileiro S.A.- Petrobras NYSE:PBR, VOLKSWAGEN A G SPONS VLKAY - Brazilian Real Hits Historic Low: What It Means And Where It's Headed
  • The Brazilian real fell about 1.68 percent, below 4 reais per U.S. dollar on Tuesday, setting a new record for an all-time low.
  • The North American currency continued to gain strength versus emerging market currencies like the Indonesian rupiah.
  • The Sao Paulo Stock Exchange and U.S.-listed Brazilian ADRs are also tumbling on Tuesday trading.
  • Brazilian Real

    Since its debut in 1994, the Brazilian real had never been less valuable in relation to the U.S. dollar. On Tuesday, however, the currency fell to a new all-time low.

    The fall was driven by several elements, among which investors can count the political turmoil in Brazil, the recently announced austerity measures, S&P’s downgrade of the country’s...


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