Tom Elliott, international investment strategist at DeVere Group, says if Brazil can get some stability in commodity prices and lose some political risk, it'll start to look cheap for investors.
Traders focused their attention on slumping commodities prices, on the global economy and central bank policies.
Andrew Kenningham, senior global economist at Capital Economics, says Brazil's new finance minister Nelson Barbosa may struggle to get his proposed fiscal reforms past Congress.
The dollar tumbled against the Japanese yen on Friday after the Bank of Japan merely tweaked its monthly asset-purchase program.
The U.S. dollar hovered near a two-week high against a basket of other major currencies a day after the Fed hiked interest rates.
The U.S. dollar lost some ground on Wednesday, after the Federal Reserve decide to raise interest rates for the first time in nearly a decade.
Sumedh Deorukhkar, senior economist for emerging Asia at BBVA, Hong Kong, identifies Brazil, Indonesia and Thailand as the emerging markets that will hurt from a Fed hike this week.
The U.S. dollar rebounded from a roughly six-week low against the euro on Tuesday.
The dollar turned positive, after edging lower on worries that oil prices and credit market turmoil could limit U.S. interest rate hikes.
The dollar fell on Friday against key world currencies amid a selloff sparked by market volatility concerns.
Currencies in Brazil and Russia are among the world’s worst performing this year, and that’s taken a bite out of consumers’ appetite for appliances.
The Swiss franc rose against the euro on Thursday after Switzerland's central bank kept interest rates on hold at record lows.
The dollar fell on Wednesday as commodity currencies reversed steep losses from Tuesday as oil recovered.
The dollar soared against oil-linked currencies on Tuesday, touching an 11-year high against the Canadian dollar.
The dollar rose broadly on Monday on expectations the Fed is on track to raise interest rates next week.
The U.S. dollar was higher against the euro on Friday after stronger-than-expected U.S. monthly jobs data.
The U.S. dollar hit a nearly one-month low against the euro on Thursday after the European Central Bank cut its interest rate on deposits.
The U.S. dollar climbed to its highest against the euro in more than seven month.
The dollar fell as a contraction in U.S. manufacturing employment and upbeat European economic data knocked the greenback from 8-1/2-month highs.
Mark Phelps, CIO of concentrated global equities at AB, says there are still opportunities in Brazil despite the fact that it seems investors have given up on the country.