Why Brazil’s currency is plunging

T HE BRAZILIAN real holds an ignominious title this year: it is the worst-performing major currency, down by more than 20% to a record low of almost 6. 3 to the dollar. The situation has grown even uglier over the past week, with the sell-off accelerating despite several interventions by the central bank.

This article appeared in the Finance & economics section of the print edition under the headline “The market revolts”

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https://www.economist.com/finance-and-economics/2024/12/19/why-brazils-currency-is-plunging

A source: www.economist.com/finance-and-economics/2024/12/19/why-brazils-currency-is-plunging