Going down: Brazil economic woes hit stocks, currency

World News: . []

Going down: Brazil economic woes hit stocks, currencyAtrophying growth forecasts and waning confidence in President Jair Bolsonaro sent Brazil's stocks and currency to their lowest level of the year this week, as analysts warned of further falls. Since touching a record 100,000 points in mid-March, the Bovespa has fallen 10 percent and wiped out gains made since far-right Bolsonaro took power on January 1 on a promise to revive Latin America's biggest economy. The benchmark index closed just below 90,000 on Friday, while Brazil's currency traded at its lowest level against the dollar in eight months, breaking through four reais.


Read More: https://news.yahoo.com/going-down-brazil-economic-woes-hit-stocks-currency-023649668.html

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