Brazillian currency’s poor performance against dollar affects consumers

Global Business

Brazil’s currency, the real, remains this year’s worst performing major currency against the dollar. Economists say the dollar’s rise is already boosting inflation, affecting businesses and consumers. CCTV’s Lucrecia Franco filed this report from Rio de Janerio.

Brazillian currency\'s poor performance against dollar affects consumers

Brazillian currency\'s poor performance against dollar affects consumers

razil's currency, the real, remains this year's worst performing major currency against the dollar. Economists say the dollar's rise is already boosting inflation, affecting businesses and consumers.CCTV's Lucrecia Franco filed this report from Rio de Janerio.

Highlights:

  • Brazil’s currency has fallen more than 19 percent against the dollar since the beginning of the year.
  • Brazilian authorities have been struggling to curb inflation which is expected to top eight percent this year.

  • John Herrmann from Mitsubishi Securities on the dollars performance

    For more on the dollar’s performance, CCTV spoke to John Herrmann. He’s the Director of US Rate Strategies at Mitsubishi UFJ Securities.

    John Herrmann from Mitsubishi Securities on the dollar\'s performance

    John Herrmann from Mitsubishi Securities on the dollar\'s performance

    For more on the dollar's performance, CCTV 's Michelle Makori spoke to John Herrmann. He's the Director of US Rate Strategies at Mitsubishi UFJ Securities.


    Source: IBGE, based on data from the Central Bank of Brazil


    Source: Numbeo

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