BRASILIA: The U.S. dollar rose to another record high against the Brazilian real. The real, one of the worst-performing emerging-markets currencies of 2015, traded at 3.67 USDBRL, -0.0595% to the dollar, down 2.3% from its level late Friday in New York.
The real moved lower 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 USDTRY, +0.0478% 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.
Mercedes-Benz sees Brazil truck sales up 18% in 2020
SAO BERNARDO DO CAMPO, Brazil: The Brazilian unit of German automaker Mercedes-Benz (DAIGn.DE) expects overall domestic truck sales to rise...
