Brazil real weakens for fourth day as Trump concern boosts U.S. yields

Nov 14 The Brazilian real slumped for a fourth straight day on Thursday, as concern over U.S. President-elect Donald Trump and higher U.S. yields drove the central bank to intervene.

Rates paid on U.S. Treasury debt surged on fears that Trump’s pledges of heavy infrastructure spending and tax cuts could boost inflation and force the Federal Reserve to raise U.S. rates by more than expected.

The real weakened as much as 2.4 percent to 3.47 to the dollar, extending losses to 8.9 percent in four days.

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