Brazil’s real posted its lowest ever close of 4.2061 per dollar on Monday, as heavy selling met no resistance from the central bank at a key market level where it had intervened earlier this year. Brazilian interest rates are expected to be cut to a new low of 4.25% by the end of next year, according to the central bank’s latest weekly ‘FOCUS’ survey of economists on Monday, which also showed inflation heading further below target. …read more
Source:: Yahoo Finance
