Dollar Hits R$6.26: Central Bank’s $12.7B Intervention Falls Short

Money talks, and right now it’s speaking volumes in Brazil. The US dollar hit R$ 6.26 on December 18, 2024, forcing Brazilians to watch their purchasing power shrink by nearly 3% in a single day. This marks the weakest point for the real in the country’s history. The markets have lost patience with Brazil’s fiscal […]