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A woman reacts as she reads a board showing the Real-U.S. dollar and several foreign currencies exchange rates in Rio de Janeiro, Brazil, August 26, 2015. While many of Brazil's largest companies have grown savvy about hedging their debt against big currency swings, an increasing number could feel the heat from the real's plunge to a more than 12-year low due to poor planning and rising debt, bankers said. Debt refinancing and hedging costs are rapidly rising as Brazil's economy falls into recession and local banks pare back credit. The real, the world's worst-performing major currency this year, according to Thomson Reuters calculations, slipped below 3.65 to the dollar on Wednesday. (Photo by Ricardo Moraes/Reuters)
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