Why Brazil's currency depreciation is back to haun... Deutsche Welle

Why Brazil's currency depreciation is back to haunt Lula

Source: Deutsche Welle | Published: February 15, 2025, 2:51 p.m.

Down by over 20%, the Brazilian real received the ignominious title of worst-performing major currency in 2024. The selloff has eased somewhat recently, but the country's fiscal woes still have financial markets on edge.
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