World | Economy | Business

Fed Decision Sends Brazil's Currency Lower

NPR | Aug. 26, 2013 2:40 a.m. | Updated: Aug. 26, 2013 9:18 a.m.

Contributed By:

Lourdes Garcia-Navarro

When the Federal Reserve announced it had a plan to taper U.S. economic stimulus measures, shockwaves were felt across financial markets overseas. Anticipation of the Fed’s action has sent Brazil’s currency tumbling in one of the world’s most important emerging markets.

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