The Brazilian real gained today on the outlook for monetary policy and hopes that the newly reelected President will form a government able to address financial issues of the country.
USD/BRL — News Archive
October 29th, 2014 at 14:59
October 23rd, 2014 at 16:10
The Brazilian real dropped today, falling for the fourth consecutive trading session and reaching the lowest level in five years against the US dollar, as the outcome of the presidential elections remains uncertain.
October 21st, 2014 at 14:43
The Brazilian real fell today due to uncertainty about the outcome of the presidential elections that are scheduled to October 26. Current polls show that the incumbent President Dilma Rousseff has more voters, and this is not welcomed by investors.
October 15th, 2014 at 16:52
The Brazilian real fell today as concerns about the outcome of the presidential elections deter investors from buying the currency, especially considering that the current geopolitical situation in the world does not encourage to buy riskier assets.
October 10th, 2014 at 22:22
The Brazilian real ended today’s session with losses due to concerns that a new president will not be able to form a strong enough government to tackle country’s economic problem. The general risk-negative market sentiment also did not play in favor of the currency.
September 16th, 2014 at 16:51
The Brazilian real rose today as investors wait for an outcome of the presidential elections that will occur next month and a monetary policy decision of the Federal Reserve that will be announced tomorrow.
July 25th, 2014 at 17:07
The Brazilian real fell today as the Forex market sentiment was negative for riskier currencies of emerging markets. Market participants prefer safer currencies to higher-yielding ones due to geopolitical risks.
July 17th, 2014 at 16:25
The Brazilian real crashed today after the nation’s central bank refrained from raising interest rates, the move that led to speculations that there will be no more rate hikes in Brazil this year.
June 03rd, 2014 at 20:11
The Brazilian real is volatile today as Forex traders speculated that the central bank will not be supporting the currency anymore, refraining from an intervention in the currency market, but the actions of the bank make such viewpoint questionable.
June 02nd, 2014 at 16:18
The Brazilian real fell today as analysts surveyed by Brazil’s central bank downgraded their growth forecast for this year as well as the outlook for the exchange rate and for the key interest rate.