The Brazilian real dropped today as uncertainty about an outcome of the discussion about reduction of Greek debt made traders sell riskier currencies and stick to safer assets.
Brazilian Real BRL
Detailed information and fundamental factors
Central Bank: Banco Central do Brasil
Interest Rate: 10.50%
Public Debt to GDP Ratio, 2010: 54.7%
Trade Balance, 2010: $20.2 bln.
Inflation, 2010: 5%
Supporting Factors
Major commodity exporter
medium
High-yielding interest rates
strong
Factors of Weakness
Political instability
weak
High-risk emerging market
weak
Brazilian Real News Archive
Brazil’s Real Down as Traders Await End of Greek Troubles
February 06th, 2012 at 16:27
Brazilian Real
Brazilian Real Goes Higher as GDP in China Slows
January 17th, 2012 at 15:21
Brazilian Real
The Brazilian real climbed today after a report about slowing economic growth in China lead to speculation that the Asian nation will stimulate its economy, increasing attractiveness of commodity currencies.
Real Dips as Brazil’s Economy Slows
December 15th, 2011 at 6:09
Brazilian Real
The Brazilian real weakened today, following other riskier currencies in decline, on the signs that Brazil’s economy felt the negative impact of the European sovereign-debt troubles on the global economic recovery.
Brazilian Real Gains Despite Dovish Outlook
The Brazilian real gained today despite the speculation that the central bank will be forced to cut the interest rates further as the global economic growth stalls.
Brazilian Real Drops on China’s Manufacturing
November 24th, 2011 at 8:23
Brazilian Real
The Brazilian real fell today, while yesterday it was at the seven-week low, as the report showed that China’s manufacturing is slowing.
Global Economy Unfavorable for Riskier Currencies, Brazilian Real Drops
November 22nd, 2011 at 8:30
Brazilian Real
The Brazilian real ticked down as the developments in the global economy made investors favor safer assets over riskier ones.
Retail Sale in Brazil Drops, Drag Real Along
October 11th, 2011 at 23:40
Brazilian Real
The Brazilian real dropped today as the report showed the retail sales in Brazil decreased and the problems in Europe made the higher yielding currencies, including the real, less attractive.
Brazil’s Real Gains as Central Bank Plans Support Currency
October 05th, 2011 at 23:03
Brazilian Real
The Brazilian real advanced today amid the speculation the Federal Reserve and the European Central Bank are ready to meet the economic challenges and support the global recovery, while Brazil’s central bank is going to stem losses of the Brazilian currency.
Brazil Real Loses on FX Tax, Dollar’s Sudden Appreciation
July 27th, 2011 at 18:39
Brazilian Real
The Brazilian currency demonstrated a biggest drop against the US dollar this year today, as the government introduced a new tax on FX derivatives investments, and the dollar jumped up against the other major currencies.
Brazilian Real Goes Up with Rising Inflation
February 01st, 2011 at 15:58
Brazilian Real
The Brazilian real edged up today as the index of consumer prices rose more than the analysts expected, increasing probability of an interest rate hike by the central bank.