The Brazilian currency is heading for the second worse monthly performance since 1999. At 3:13 pm, this 31st of August, the real was down 1.38% or approximately 6% for the month of August, to R$3.6347 for one US dollar. For the year, the Real is the worst performing currency against the USD in a list of 34 countries. The immediate future does look good for the real.
A Sept. interest increase in the US and a downgrade by the rating companies to junk level, should elevate the USD closer to R$4.00 sooner than later.
Brazil Energy Insight 
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