Brazilian Real Weakens Against The Dollar For 5th Day

The Brazilian real weakened against the dollar for a 5th straight day Thursday as polls suggest President Dilma Rousseff has lost almost all her credibility with the Brazilian people. The real earlier fell to the latest in a series of all-time lows after a strong reading on U.S. service-sector activity pushed the buck higher against its emerging-markets rivals. The real has since trimmed its losses, and was recently trading at 3.75 real to the dollar, off by 0.1% on the day. The latest polls show that only 8% of the country supports Rousseff, who has held the office since 2011 and was reelected last year. And two-thirds of the country would support her impeachment, the polls showed.

Copyright © 2015 MarketWatch, Inc.