Investors, chasing better returns in US dollars, have forced the two countries' currencies into free fall. The big question is whether the rout can threaten financial markets and the global economy medium-term.
The ongoing strike has caused major disruptions to Brazil's commerce, leaving gas stations empty and sparking a shortage of perishable foods. President Michel Temer said the new measure would last 60 days.
Footage of Ellicott City showed water powering through buildings and sending cars downstream. Officials are assessing the destruction, just two years after another flood killed two people and caused millions in damages.
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