Brazilís currency has lost 2% in value against the dollar in todayís trading. Analysts say investors are seeking protection against a new crisis in the government of President Michel Temer.
Last night, a former minister accused Mr Temer of pressuring him into helping another minister in a personal business deal. Brazilís currency had already lost about 8% of its value this month after the election of Donald Trump as US president.
Mr Temer is leading a number of reforms to recover the countryís economy, which is facing a deep recession.