The Brazilian real rallied today on hopes that European politicians would find a way out of the sovereign-debt crisis that plague the countries of the European Union. Riskier currencies of emerging markets rallied on improving market sentiment.
The Brazilian real is the currency officially used in Brazil, while sometimes also used in bordering countries. The modern real was implemented in 1994, replacing the old currency. Brazil has the biggest economy among Latin America nations and the second biggest in the western hemisphere. Its fast growth benefits the real.
Brazilian Real News Archive
June 22nd, 2012 at 17:23
June 19th, 2012 at 23:54
The Brazilian real gained today against the US dollar as speculations that the US Federal Reserve would stimulate the economy bolstered riskier assets, weakening the US currency at the same time.
June 18th, 2012 at 15:46
The Brazilian real declined today as analysts lowered forecast for the country’s economic growth and fears about the futures of the eurozone returned after the initial optimism caused by the outcome of the Greek elections.
May 31st, 2012 at 13:09
Brazil’s central bank lowered its main interest rate today in an effort to boost economic growth. The Brazilian real declined against the US dollar after that monetary policy decision.
May 28th, 2012 at 16:59
The Brazilian real advanced today as the central bank auctioned currency swaps in a attempt to keep the real, which was the worst performer among 16 most-traded currencies, from sliding down and hurting consumers.
May 17th, 2012 at 14:52
The Brazilian real rose today, but stayed near the 2 per dollar level as the impact of the European crisis on currencies of emerging markets sapped strength of the Brazilian currency.
May 14th, 2012 at 23:12
The Brazilian real fluctuated today as Brazil’s government indicated that it is not going to intervene in the exchanged markets in order to support the currency. The willingness of the government to allow the currency to weaken harmed the real, but it recovered later.
February 06th, 2012 at 16:27
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.
January 17th, 2012 at 15:21
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.
December 15th, 2011 at 6:09
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.