Brazilian currency hits another record low

BRAZIL - Brazil may have won the World Cup for the fifth time last Sunday but the harsh realities of life return as the country's currency yesterday hit another record low. The governor of Brazil's central bank said that markets were ignoring the country's strong economic fundamentals.

Growing risk aversion towards emerging markets aggravated investor fears of a leftwing victory in October's presidential elections.

The weakness could jeopardise chances of a cut in the prime interest rate from 18.5

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.