Markets

Brazilian real plummets against dollar

  RIO DE JANEIRO: Brazilian financial markets plummeted on opening Thursday in the wake of a bombshell report th
Published May 18, 2017 Updated May 18, 2017 03:55pm

 

The real fell 5.46 percent against the dollar to 3.315, down from 3.134 at closing Wednesday, CMA consultants said. This reversed a steady strengthening that reflected gradual renewal of investor confidence in Latin America's biggest economy after two years of recession.

 

Copyright AFP (Agence France-Press), 2017