Well for those who've been watching shares of Petrobras have dropped to their lowest point in the last 12 years, closing today at R$4,47 (low R$4,36).
Meanwhile the US Dollar reached its all-time historical high closing at R$4,16.
If the current downward trend of Petrobras shares continues I wouldn't be at all surprised to see the value of the greenback surpass that of a share of Petrobras in the next few days. The roller coaster ride is far from over.
Cheers,
James
expat.com Experts Team