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Brazilian Real, Bovespa Falling After S&P Credit Downgrade And Newly Announced Cutbacks In Public Spending
Friday, September 11, 2015 - 3:51pm | 335Read More...S&P cut Brazil's credit rating to "junk." The Finance Minister announced new cutbacks in the 2016 budget. The Real and Bovespa continue to plummet. On Thursday, Standard & Poor's downgraded Brazil’s sovereign credit rating to BB+. Although the move came...
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Brazilian Real Starts To Recuperate As Rate Hike Halt Is Confirmed
Thursday, September 3, 2015 - 3:15pm | 263Read More...Benzinga has been following the saga of the Brazilian Real over the past few days. On Wednesday, the currency hit its lowest point since 2002, closing at 0.2661 U.S. dollars. On Thursday, the notes continued to fall, with the U.S. Dollar being sold at 3.803 reals -- its highest price in 13...
