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BRL review: Western Union

Quotes from Western Union:- The strong US Dollar, weaker Chinese imports & domestic factors sent the Brazilian Real to fresh lows over the 3.00 level, which have not been seen since June 2004. - Spiraling inflation which…

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Quotes from Western Union:

- The strong US Dollar, weaker Chinese imports & domestic factors sent the Brazilian Real to fresh lows over the 3.00 level, which have not been seen since June 2004. 

- Spiraling inflation which could result in the Brazilian Central Bank increasing rates further higher could send the economy further into recession. 

- The dip in Chinese imports in February will have a profound impact on the Brazilian economy with China being the largest destination for Brazilian exports. 

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