Why Brazil's currency depreciation is back to haunt Lula – DW – 01/24/2025
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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.

Brazil’s financial world experienced a shock on December 18, when the country’s currency, the real, fell 2.8% — hitting an all-time low of 6.2 reais per $1 (6.5 per €1) and shedding almost a quarter of its value over the year.