Brazilian Real Drops Further on Risk Aversion
The Brazilian real touched the weakest level in a month as risk aversion remained predominant in today’s trading session globally, since equities and commodities markets continued to follow a bearish trajectory in most of the
Brazil’s real suffered another impact today as China’s lending restrictions announced last week continue to influence risk levels in trading markets globally. Commodities, responsible for a good share of Brazil’s international trade continued to tumble in Asia and Europe, decreasing attractiveness for the real which lost sharply versus a more appealing U.S. dollar as traders searched for safety.
USD/BRL closed at 1.7895 today from an opening rate of 1.7715.
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Earlier News About the Brazilian Real:
- Real Rebounds on Brazilian Stock Market (2010-01-18)
- Brazilian Real Declines on Treasury Plans (2010-01-14)
- Brazil's Real Ends Year as Best Performer (2009-12-31)
- Brazil's Real Advances on Transactions, Risk Appetite (2009-12-28)
- Brazilian Real Falls Further on Risk Aversion, Currency Outlook (2009-12-19)