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Showing posts with label Brazil 2016.... Show all posts
Showing posts with label Brazil 2016.... Show all posts

Thursday 21 April 2016

Brazil Faces...



Support for Brazil’s government is flagging amid political and economic crises

As emerging market currency kerfuffles go, Brazil’s "Caipirinha Crisis" , where the real fell to a 20-year low, certainly sounded sweeter than Mexico’s 1994 “Tequila Crisis”, even if the reality for investors was distinctly bitter. In September last year, the real fell to the lowest level against the dollar since it was created in 1994 and rating agencies cut Brazil’s government debt to junk status.