Brazil’s real plunges as unemployment soars, set for best month in 2021

Brazil’s real plunges as unemployment soars, set for best month in 2021

Brazil’s real dropped on Friday as unemployment jumped to record levels and a spike in coronavirus deaths dented sentiment, although expectations of interest rate hikes and a weak dollar led the currency to gain most among its Latin American peers in April. The real dropped 1.3% after unemployment soared to a record 14.4 million in…