Brazil's Dollar Rises to R$5.24 as Stock Market Falls
Listen to the story
The US dollar is going up in Brazil. It is now worth R$5.24 in Brazilian reais.
People are looking at new data from the United States. They are also waiting for a new election poll in Brazil.
Brazil and the US are having a trade problem. The US put new tariffs on goods from Brazil.
Brazil's government answered with its own tariffs. This is called reciprocity. It means Brazil does the same thing back.
Because of this, money is leaving Brazil. This is called capital outflow. When money leaves, the dollar becomes stronger.
At the same time, Brazil's stock market went down. The main stock index in Brazil is called the Ibovespa.
The Ibovespa fell today. This shows that investors are worried about the economy.
Many people are watching the dollar and the stock market closely this week.
Vocabulary11 words
- dollar
- money used in the United States
- reais
- money used in Brazil
- data
- numbers and facts about something
- election poll
- a survey that asks people who they will vote for
- trade
- buying and selling goods between countries
- tariffs
- extra money a country charges on goods from another country
- reciprocity
- doing the same thing back to someone
- capital outflow
- money leaving a country
- stock market
- a place where people buy and sell parts of companies
- Ibovespa
- the main list of stock prices in Brazil
- investors
- people who put money into companies to make more money
Quiz
Answer key
1. R$5.24 2. It applied reciprocity 3. False
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
The US _____ is going up in Brazil. It is now worth R$5.24 in Brazilian _____.
People are looking at new _____ from the United States. They are also waiting for a new _____ in Brazil.
Brazil and the US are having a _____ problem. The US put new _____ on goods from Brazil.
Brazil's government answered with its own tariffs. This is called _____.
Because of this, money is leaving Brazil. This is called _____. When money leaves, the dollar becomes stronger.
At the same time, Brazil's _____ went down. The main stock index in Brazil is called the _____.