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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
The real has weakened almost 22% against the US dollar this year, the worst among 31 major currencies tracked by Bloomberg.
Brazilian assets finished the year lagging all major peers, with the real posting its biggest slump since the pandemic shock of 2020 amid mounting skepticism over President Luiz Inacio Lula da Silva’s commitment to fix a ballooning budget deficit.
The real weakened 21% against the US dollar this year, the worst among 31 major currencies alongside Argentina’s tightly controlled peso. Losses accelerated in November after a long-awaited fiscal package underwhelmed investors. Not even a historic intervention by the central bank — spending some $20 billion in reserves in two weeks — has been able to reverse the rout.
Brazil Central Bank Steps In to Prop Up World’s Worst Currency – Bloomberg.com
