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.
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video