Real devalues sharply against Dollar 9,94 Reals per dollar

[Rich One]

Heading from INFOBAE article today

Brasil: el dólar se dispara a 9,94 reales y la Bolsa de San Pablo se hunde un 6%
El papel moneda del gigante sudamericano retoma el puesto de peor desempeño diario entre las principales monedas globales. Es el tercer día consecutivo de devaluación por la preocupación que genera el panorama político. Día negro en el Bovespa

I was ready to fly tomorrow to Rio...! it was only 3,94.... per dollar.

https://www.infobae.com/america/

 

[ben]

A typo like that can be rather confusing, and engender hysteria.
Especially in a headline
To be clear, it's 3.94, not 9.94.
Which is still huge, considering at the beginning of the week it was 3.71. That's a 6% increase.
But 9.94 would effectively be the Brazilian corralito.
And the result would be more or less The Purge.

Here's a screenshot of the original - wrong - headline, and the corrected one.

 

[Rich One]

Glad Ben kept the original headline that was later corrected...!

It can trigger a run of the banks... . The responsible of the headline must be in hot water..

 

[Ceviche]

Ben is one of the most valuable members here.

I almost had a mini heart attack thanks to the OP's post.

 

[garryl]

It will be great at 9.94, and all other currencies need to devalue, for example Euro and Yuan. Europe is so messed up, why not devalue ?

 

[Ceviche]

Life would become a heaven in Brazil if it went to 9.94