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Why Brazil’s currency is plunging

The Owner Press by The Owner Press
December 19, 2024
in Business News
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THE BRAZILIAN actual holds an ignominious title this yr: it’s the worst-performing main foreign money, down by greater than 20% to a file low of virtually 6.3 to the greenback. The scenario has grown even uglier over the previous week, with the sell-off accelerating regardless of a number of interventions by the central financial institution.



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