FLBR - The Brazilian Real Remains Near Lows And A Look At EWZ

After years of corrupt leadership and scandal, Brazil turned over its government to a far-right candidate in October 2018. Jair Bolsonaro pledged to clean up corruption and deliver a healthy economy in South America’s most populous and leading nation. Brazil is a commodity-rich nation with enormous potential. However, institutionalized corruption weighed heavily on its economy. In 2011, the exchange rate between the Brazilian real and US dollar rose to a high at $0.6505 as commodity price rose to multi-year highs. In 2015, a secular bear market in raw materials drove prices down. At the same