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Brazil, Lula

Lula’s Powerless Aides Let Currency Panic Go Unchecked in Brazil

As the currency craters in Brazil, thrusting the country’s markets into the international spotlight for the first time in years, a grim reality is setting in for top economic aides to President Luiz Inacio Lula da Silva.

The Associated Press on MSN · 11h

Brazil's currency drops to weakest level yet 4 as Lula's fiscal measures debated

Brazil’s real has fallen to its weakest level against the dollar since the currency was introduced in 1994, undercut by investors’ frustration with President Luiz Inácio Lula da Silva's efforts to rei

Hosted on MSN · 2d

Brazil currency faces volatility as Lula criticises rates, central bank intervenes

Brazil's currency faced a choppy market on Monday, opening sharply lower against the U.S. dollar after renewed criticism of interest rate levels by President Luiz Inacio Lula da Silva but paring losses after a central bank intervention.

Business Standard · 2d

Brazilian currency faces volatility as Prez Lula criticises rates level

Speaking in an interview with TV Globo aired late on Sunday, the leftist leader called the interest rate hikes "irresponsible" and said his government would "take care of that"

The Economist25m

Why Brazil’s currency is plunging

T HE BRAZILIAN real holds an ignominious title this year: it is the worst-performing major currency, down by more than 20% to ...

19h

World’s Worst Performing Currency Hurts Dollar Borrowers in Brazil

The turmoil that’s sinking the Brazilian real has exposed a glaring vulnerability at some of the country’s biggest companies.

Brazil currency hits record low amid ongoing fiscal woes

Market anxiety dragged Brazil's real currency to a historic low on Monday as significant central bank interventions again ...

15h

Brazil Traders ‘Sell First, Ask Later’ as Panic Hits Markets

First it was a collapse in the currency. Now the rest of Brazil’s financial markets are in the cross-hairs as investors lose faith in the government’s ability to contain a deepening fiscal crisis.Most ...

13h

Brazil Central Bank Calls New Spot Auction as Currency Craters

Brazil’s central bank announced it would sell as much as $3 billion in a spot auction on Thursday, its fourth such ...

6don MSN

Brazil's currency weakens, changing course despite aggressive rate strategy

Brazil's currency reversed course and weakened against the U.S. dollar on Thursday, despite a larger-than-expected interest ...

Brazil's Real Sinks To Record Low Against US Dollar

Brazil's currency, the real, on Tuesday sank to a new record low against the US dollar as investor worries persisted about the government's ability to rein in creeping public spending.