U.S. Dollar Falls to Lowest Rate of Year in Brazil

The U.S. currency fell to its lowest rate in 2016 relation to the Brazilian real despite the prospect of another downgrade of the country’s ratings.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Wednesday saw the U.S. dollar fell below the R$4.00/US$1 level to its lowest rate of the year in relation to the Brazilian real and the country’s main stock market rise, despite a visit from Moody’s representatives in Brasilia to review the country’s risk level. The consensus among market analysts is that the risk agency will downgrade Brazil’s rating to junk status in the very near future.

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