Currency News: Brazilian Real Rallies in the Midst of Political Turmoil

Brazil has seen tumultuous times in the last year. The country is facing a deep recession, downgrades from rating agencies, bleak unemployment rates, a huge fiscal deficit, and political unrest. Yet, in recent weeks, the real has appeared to be on an upward swing. There are a few contributing factors, but political turmoil seems to be the biggest component to the currency’s rise.

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