The Brazilian real fell today as the worsening outlook for nation’s economic growth made the currency less attractive for market participants.
USD/BRL — News Archive
The Brazilian real fell today but was still heading to a weekly gain. The currency rallied after the nation’s central bank bolstered its interest rates, making the currency more attractive for investors, particularly carry traders.
January 22nd, 2015 at 14:37
Brazil’s central bank increased its key Selic rate at today’s monetary policy meeting. The decision was not unexpected by market participants, but the Brazilian real still demonstrated a rather big rally after the announcement.
January 07th, 2015 at 15:44
The Brazilian real gained today on hopes that the new economic team appointed by President Dilma Rousseff will succeed in revitalizing economic growth in the South American country.
November 26th, 2014 at 14:58
The Brazilian real advanced today on hopes that the former Treasury Secretary Joaquim Levy will become the new finance minister and will help the country to deal with the current economic problems.
November 24th, 2014 at 14:56
The Brazilian real fell as President Dilma Rousseff has not yet announced a person who will take the finance minister seat. This added to concerns that Brazil will struggle to overcome problems that its economy has.
November 14th, 2014 at 14:20
The Brazilian real continues to experience weakness. Today’s drop is a result of worse-than-expected macroeconomic data. Concerns about the government’s ability to tackle fiscal challenges, which the country is enduring, also played their role
November 12th, 2014 at 14:42
The Brazilian real gained today after the earlier decline. The currency fell earlier as President Dilma Rousseff wanted to ease fiscal rules. Such measure will reduce the budget deficit that reached the highest level in more than a decade.
October 30th, 2014 at 16:30
The Brazilian real jumped today following yesterday’s surprise interest rate hike from Brazil’s central bank. Such decision resulted in speculations that additional rate increases may happen in the future.
October 29th, 2014 at 14:59
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.