Brazil’s real surges 3%, biggest rise in two years

Brazil’s real extended its rally in dramatic fashion on Tuesday, taking advantage of improving global market sentiment and demand for riskier assets to chalk up its biggest rise against the dollar in two years.

The real was one of the worst-performing currencies in the world this year as markets tanked and the global economic and public health crises deepened, sinking to a record low near 6.00 per dollar. But it has roared back in recent weeks.

Continue reading

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.