Brazil’s real plunged to a one-yearyear as concern Greece is headed for a default sapped demand forhigher-yielding assets and drove down prices on the LatinAmerican country’s commodity exports.
The real declined 2.8 percent to 1.7837 per dollar at 10:35a.m. New York time, from 1.7331 on Sept. 16. It earlier touched1.7994, the lowest since July 20, 2010. The currency has lost 11percent this month after the central bank unexpectedly cutinterest rates for the first time in two years on Aug. 31.