Brazilian Real Down on Intervention Talks
The Brazilian real posted another negative session today as movements in the central bank led traders to speculate that further measures will be taken to halt the real’s rally, which already rose 34 percent versus the greenback this year.
After a central banker was transferred to the Brazilian Finance Ministry yesterday, concerns rose that both federal institutions are likely to coordinate further measures to control the real’s rally, forcing the Brazilian currency down in
USD/BRL traded at 1.7365 as of 19:03 GMT from an opening rate today of 1.7240.
If you want to comment on the Brazilian real’s recent action or have any questions regarding this currency, please, feel free to reply below.
Earlier News About the Brazilian Real:
- Brazilian Real Rises on G-20 Stimulus (2009-11-09)
- Brazilian Real Gains Sharply on Risk Demand (2009-11-07)
- Brazilian Real Extends Gains on Domestic Optimism (2009-11-04)
- Brazilian Real Gains as Stocks Rebound (2009-11-04)
- Brazilian Real Rebounds on Domestic and Global Optimism (2009-10-30)
