Brazil real weakens 1 pct on Cyprus, weak European data
RIO DE JANEIRO, March 21
RIO DE JANEIRO, March 21 (Reuters) - The Brazilian real fell 1 percent on Thursday as concerns about a banking crisis in Cyprus and weak economic growth in Europe drove investors to the safety of the dollar.
The real traded as low as 2.0089 per dollar, past the 2-per-dollar mark that many analysts believed to be a boundary of an informal trading band imposed by policymakers.
- Total CEO de Margerie killed in Moscow as jet hits snow plow |
- Pistorius starts five-year term for killing Reeva Steenkamp
- Ebola crisis turns a corner as U.S. issues new treatment protocols
- Fashion designer Oscar de la Renta dead at 82 |
- U.S. Congress examining deal between NSA official, ex-agency chief