Brazil Daily

Covid-19 vaccines could see Brazilian currency rally in 2021

Today, we look at how the Brazilian currency can bounce back from its Covid-19 rout. Brazil’s vaccine deals. And the first consequences of Brazil’s anti-China moves.

There is hope for the Brazilian currency

The Brazilian Real has been one of the worst-performing currencies in the world this year, losing 33 percent against the U.S. Dollar since January 1. But the Brazilian currency could enjoy redemption in 2021, according to some banks’ predictions.

  • The recent disclosure that three potential coronavirus vaccines have a 90-plus-percent efficiency rate — and Pfizer announcing the conclusion of phase 3 trials — led banks to...
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