Brazilian Real Benefits From China’s Manufacturing
The Brazilian real, together with most emergent markets currencies, climbed today, specially versus the greenback and the yen, as risk appetite returned to markets on renewed optimism.
After China posted the sharpest monthly increase in 5 years for its manufacturing growth, stocks went up globally, favoring the Brazilian real that gained consistently, specially versus a less attractive U.S. dollar.
USD/BRL traded at 1.7253 as of 17:47 GMT from an opening rate of 1.7495.
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.
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