End of preview - This article contains approximately 556 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
Weekly Report - 27 August 2015 (WR-15-34)
BRAZIL: Real falls to a new low
With the Real falling to R$3.62 to the US dollar on 26 August, the Brazilian currency reached a 12-year low against the greenback. The Real has now lost 27% of its value since the start of the year. Camila Abdelmalack, an economist quoted by Bloomberg, argued that the currency was set to tumble further. “It’s hard to imagine when this flow of bad news will stop,” she said. Some analysts are predicting it may breach the R$4/US$1 mark before it starts to recover. While the latest sell-off is due to concerns over the Chinese slowdown, Brazil’s domestic economic problems are also mounting.
- Guatemala’s Cicig makes the ultimate accusation
- VENEZUELA-COLOMBIA: A bridge closed over troubled waters
- PERU: Electoral campaign cranks into gear
- BOLIVIA: Morales hails further coca progress
- TRACKING TRENDS
- BRAZIL: As impeachment threat recedes, government trims fat
- BRAZIL: Real falls to a new low
- CHILE: Bachelet launches image makeover
- URUGUAY: Pain on the Left for Vázquez
- ARGENTINA: Tucumán trouble gives opposition opportunity
- TRACKING TRENDS
- MEXICO: Parties stage contrasting leadership elections
- TRACKING TRENDS
- Ecuador’s indigenous beat retreat but Correa still under pressure
- Quotes of the week