Brazilian Real Falls To Another Record Low Vs. The Dollar

By MarketWatch Pulse

The U.S. dollar rose to another record high against the Brazilian real Monday. The real, one of the worst-performing emerging-markets currencies of 2015, traded at 3.67 to the dollar, down 2.3% from its level late Friday in New York. The real moved lower Monday even as other emerging-markets currencies recovered from last week's selloff. The Turkish lira, another one of this year's worst performers, traded at 2.91 lira to the dollar, up 0.4% since Friday. Brazil's economy is dependent on commodity exports, and its currency has been battered as prices have fallen over the past year. Political issues stemming from a corruption scandal at the state-controlled energy firm Petrobras have also shaken confidence in the country's government.

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