With a deepening political crisis in Latin America’s largest economy and the Brazilian currency, the Real, plummeting this year and touching a thirteen-year lows against major currency pairs, how much more carnage could the market see? The currency has lost around 40% this past year and the Sao Paulo Stock Exchange Index (Ibovespa) is down 20%.
Brazilian Real's 'Under Attack' From All Fronts Amid Decaying Economic Fundamentals
Forbes - 22 Sep 2015 23:44
With a deepening political crisis in Latin America’s largest economy and the Brazilian currency, the Real, plummeting this year and touching a thirteen-year lows against major currency pairs, how much more carnage could the market see? The currency has lost around 40% this past year and the Sao Paulo Stock Exchange Index (Ibovespa) is down 20%.
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