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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 currency has sank to a record low this year amid persistent concerns about the nation’s budget deficit.
Photographer: Andrew Harrer/Bloomberg
Brazil’s central bank stepped into currency markets amid a selloff driven by the nation’s deteriorating fiscal outlook.
The real, which was hovering near a session low before the announcement, quickly trimmed losses after the statement. It was down just 0.4% against the dollar as of 2:52 p.m. in Sao Paulo, no longer the worst performing among emerging currencies on Friday.
Brazil Central Bank Intervenes as Fiscal Woes Drive Currency Selloff – Bloomberg.com
